You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California would cost you a minimum tax of $800 every year.

Low upkeep and currently rented at 700/month.

That would probably fall down a few times as the tenant puts too much weight on the bar and screws up the paint.

These may not factor into the same distribution, but can be placed in another score that could weight similar metros against each other:Diversity of business types / employers.

When you go 5 plus units or commercial the weight is given to the income approach although the comparable sales and cost approach can still be a factor.People tend to over complicate things.When you buy a value add property you have a GOING IN cap rate.

The high height keeps heftier tenants from slamming their weight down on the stool.  

If that shows you have a high net worth, that would help hold some weight as well.It's worth getting an in person meeting with a local bank commercial loan officer (don't ask for a consumer loan officer) explain that you want to build a relationship with their bank and want to know their requirements for commercial loans on rental properties.

@Tim Porsche In situations like this we more heavily weight the credit and ask for 1.5 or 2 months security.  

Our payment would be $2,191 at 4.5% if we could get $1000 for the rent of the ADU it would drop our personal monthly payment amount by $200 all of which would be reserved for upkeep on the property and vacancy.

Also, I have several investors that use checkbook and several that use custodian (so they don't screw it up!).  Keep