I have not but let me know if you find a good, lower cost option.

A credit union is regulated differently than other entities, not that they don't have to comply with RESPA, they do, however they have options at that low loan amount that most the rest of the lending world doesn't have. 

Most deals are not penciled out today because of the high land costs but if you own the land then there are options. 

Howdy Scott,I would leave it up to the tenants as to whether they want to leave their vehicle on site but the option is open.

Just wondering if there are any other options besides having to buy another property.

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Here is my take: 1) there are already ways to do this throughout the state for those who know the various options 2) the only cities that will choose to participate in AB1033 are those that already support extreme ADU additions. 

You will most definitely have less options in an LLC.

Considering FHA 203k for your BRRR adventure is a solid option, but here's the lowdown: prepare a minimum 3.5% down plus renovation funds, stay within FHA loan limits, and understand the refinancing process after a 12-month seasoning period.

Ideally, I'd rent it as a 2bd1ba but have the option to rent out the other bedroom if I choose to live there at some point.