Hello everyone, I recently got permit approval in SJ (Willow Glen) for a 630 sqft attached ADU + 170 sqft addition to the existing unit.

Additionally there are continuing education requirements.

@Paul DeSilva, I don't think it's correct to assume that leveraging a property that is paid off to purchase an additional property will result in your your net worth decreasing. 

@Daniela Reyes In addition to your local REIA, check out groups like AAPL (American Association of Private Lenders) and go to lending conferences (AAPL has one coming up in Vegas, PitBull does some...).

The original idea was to house-hack using an FHA loan in addition to a down payment assistance program offered in my area.

No issues like having to foreclose and nothing that required additional funds from IRA.Now I’ve been presented with a different investment - new for me.The JV partner already owns the property and has been rehabbed and currently has a renter.

Sounds like you know a bit about creative deal structuring which is a major addition to one's toolkit.

In addition to her, I know of a bookkeeper in Woodstock who has worked with a few other realtors who may be what you're looking for. 

So, in this case you’d pay $185 to $190k, which would require you to make an additional down payment of $5-$10k.

Any additional info they mail to me or drop it off at the rental.