Question #1: do all loan types require PMI if the down payment is below 20% and #2 which would be the best loan option if a parent were cosigning my owner-occupied loan? 

My parents have an investment home in a different state that they're just been looking to get out of because it's no longer easy to travel.

My parents have an investment home in a different state that they're just been looking to get out of because it's no longer easy to travel.

I live at home with my parents with no need of buying a personal house, I have no bills, except for a credit card that I applied for to increase my credit which I pay off in full at the end of each month.

Thank you and man, your parents gave you an awesome name!

The Trillium is perfect for families looking for extra space to accommodate elderly parents

With that being said, I will need to hold them for a while before anything however, with my rents at $2,500 to $2,800, I am ok with holding them.I hope this answers your question, feel free to message me and we can chat!

Additionally, if you sell it in the future, there are plenty of buyers looking for SFH with ADU's for parents or to reduce their monthly PITI.

==Too many people want to live in Coastal California==   True, but my parent's house is in Pasadena which is 21 miles away from the nearest beach. 

I have been learning bit by bit for a long time from the amazing content here on BP.We are busy foster parents to 3 amazing young kids.