To sell but they normally would want title insurance too? 

I know him personally as a client of mine over the years and I made millions literally with some of his tips and advice... but I don't think that is normal or can be expected by beginners.the presentations are run by seminar companies that are very good at what they do and are all Utah based or predominalty.. they also front for many others pretty much anyone on the motivational speaking circuit.. be it Tony Robbins or Collin Powel...

Yea HELOCs are a good way to unlock some equity and you can go above the normal 80% that way I believe.

@Jazmine S. with either a Hard Money Loan or a Conventional Rehab loan the money is normally paid to the contractors in "Draws".  

Remember that it is a major rule of thumb that is usually compared with other properties and is usually looked as normal in that area.Good luck to you!

I am curious if I should analyze this property as a normal multifamily, in the sense that I should consider a split multifamily with 3 separate houses to be the same as one building with 4 units inside.

I would normally do exactly what you said, except, I'm so cheap, I'd probably end up doing all the painting myself and paying the savings to my chiropractor after throwing my back out! 

What is your cost to build 850 sf ADU, compared to your normal 2,000 sf build?  

I've purchased a number of properties before and I'm familiar with the process through normal RE channels.  

It takes time and flexibility which 9-5's don't normally allow for.