Without knowing your full situation, if you invested in these high price point areas you can't go in this levered.

If your loan is Dutch, there’s no incentive on you to draw less than budgeted (you are already paying interest on the full amount).  

- Family is full of General ContractorsGoal- Plan to live in 1-2 Years before doing a cash-out refi for our next property- Goal is to lower our monthly rent.

Would be nice too if possible to try and organize a rough budget to develop with a contractor 4.

The owner may reside in either the remaining portion of the structure or the newly created junior accessory dwelling unit.

The only people you will attract are those who can't get bank loans and that's probably not the investor you want...If you want to sell to an investor, structure the deal so it is attractive to investors- figure out a competitive cap rate and back in your numbers from there. 

I have 2 rental properties(a 2 family home that I bought 9 years ago that needs new roof eventually and a short term rental a few hours away up north that has a 5.2 rate and is very updated) I used a cash out refi in 2021 for the 2 family to take out 25k(and it lowered my payment, went to a 3.2 rate for 25 years for the 2 family) and then used that 25k to buy a 240k cabin up north to use as a short term rental and family vacation home.2023 was the first full year for the cabin and it brought in 25k, however expenses were 36k, so 11k in the negative.

Aging roofs, faulty plumbing, or unexpected structural issues can eat into your profits if you're not preparedLocal Regulations Can Make or Break Your Plans:Zoning laws, building codes, and local regulations can vary significantly from one area to another.

Regarding how to structure my business - I do not have an LLC setup as an agent and just plan on purchasing properties under my investments LLC, then getting paid as myself for my commissions.

These young homebuyers may not qualify for this credit or as an owner occupant depending on how the $ from parents / sale is structured.