Otherwise I think LTR's are ALWAYS a great strategy if you're into it for the long term equity potential.

Throughout my years as an investing coach, I've realized that unlocking their potential is dependent on one thing: education, particularly when it comes to multifamily investments.

The real estate prices are much lower and therefore we can diversify the risk across multiple properties potentially.

@Tim Swierczek can elaborate, on the reasons for this and could potentially give you guidance on how to solve your problem. 

However, rules can vary by lender, so it's essential to confirm with potential lenders.Standard Waiting Period: For traditional cash-out refinancing, lenders typically require a waiting period of 6 months from the date of purchase.

Add on potential electrical main panel upgrades to handle the increased load (assuming no gas service, they'll be cooking and heating with electricity in the ADU), along with drawing and permit fees and you're maybe another $5k. 

If you asked all of them, i bet none of them would say they are a big deal.Back to that post:As many know me, I come from an old-school background.  

I'm interested in potentially moving East, I currently live with my parents in a small town in Ontario.

If I didn't need the cash to buy our next home I wouldn't dream of selling it because of the great rental potential.

It was expensive upfront but it has the potential to be developed.