Updated over 6 years ago on . Most recent reply
Rent out SFR and ADU out without being owner occupied?
I live in the Bay Area. I would like to know whether one can buy a SFR zoned as a R1 that also has a ADU in the backyard and rent both out after closing, if it would be problematic from a lending perspective during closing?
Will lender not be able to count the rental income at maybe 75% towards my DTI ratio?
Will I still be required to put down as much as 40% simply because I am not owner occupying it?
Is it even legal to own a SFR but rent both living spaces out to different tenants as a SFR zoned property?