You would need the property to hit at least a 1.00+ DSCR.You would certainly have to leave some equity in this house as a BRRRR deal, as the 75-80% LTV refinance would require more like $3,000-$3,500 in monthly income.

As other states are considering eliminating their business/corporate income tax to attract business, that requires shifting the tax base elsewhere which tends to make it more regressive. 

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Currently I have fresh paint on the house (inside and outside), new doors (Garage and entrance), Solar Panels (10K system w/ LG Battery), and exterior aesthetics upgrades.

If it's even $100 too high, it could take a bit longer or require a price reduction.

The PSEG company requires fixes before reconnecting power and township inspection with permit.

Good -  No qualifying for loan, no personal liability for loan, possible low interest rate,Bad - Usual reasons seller willing to sell subject to are to obtain a higher sales price than for a sale requiring new loan, sell a property that doesn’t qualify for a new mortgage, sale an “unsaleable” property, or sell a property in poor condition.Ugly - Almost all mortgage loans have so called “due on sale or transfer” clauses, so many steps are needed to mitigate the risks of lender note acceleration.  

It requires a person with a lot of investment experience.

You dont NEED an LLC perse, if you are using a full business purpose lender that will not close in the personal name, then that specific lender will have whats called an overlay and closing in the LLC / business name is one of those requirements.

Hi Siyi, something powerful that you can keep in the back of your mind: My understanding of California's ADU law is that it requires all municipalities to allow conversion of any single family home (SFR) garage into an ADU.You mentioned that you're looking to house hack but don't feel comfortable having renters in your space.