Rents are soft, prices are accelerating on rowhouses quickly, condos are flat. 

New CA State laws in 2020 allowed for a garage conversion or additional unit to be built on your lot up to 1/2 soft of current home or up to 1000sqft - due to housing demand.In my area, Santa Barbara County; these ADUS are popping up like crazy. 

It’s long been a soft goal of ours to someday own this building and restore this landmark as its been vacant for decades, but as previously mentioned we’re very green and are currently only just building out the SMF portion of our proprietary holdings.

There are also "soft" second loans which are deferred until/unless you sell the house.

Always be kind but not soft be firm. 

Condos are a little soft right now, so its easier to buy one than a rowhouse which are on fire.

Its sort of like the soft version of a single family BRRRR.

So if it makes sense - say you've bought the land, done all soft costs, there's good margin over and above on LTV/LTC, etc., then I'd say it's an open convo to get a initial draw. 

Also, when shopping for rates have the lender do a soft pull on your credit score. 

I guess that sums up to a group of people who would LIKE TO know what to do, but not one person in the group really knows.So...one 'like-minded' person tells the other 'like-minded' person that they should both try some senseless strategy and everyone can learn by banging their heads on stone walls.The only thing I like about some meetings is when their is soft drinks, coffee and cookies.