I was going to ask you what your experience with a jumbo loan was since I've only read about them, but it looks like they increased the jumbo loan amount to 647K recently so I guess you just fit into the new limit (nice). 

Hello BP Community.I am approaching the Refinance step on a BRRRR, and understand that 70% LTV is the Freddie/Fannie limit for a cash-out refi on a 2-unit rental property. 

No limit on applications but we are upfront if we have selected someone and let everyone else know they are a backup.  

I turned my attention to str loans and rental arbitrage but I’m not in a lucrative area (Sacramento) when it comes to that + my experience is limited there so I’m sort of struggling with which direction to turn...I also am a bit torn on whether or not I should focus my attention on changing my W2 job to something with a higher income, or on making more money as a real estate agent (I joined a brokerage in November!).

Basically only limited to Worcester county due to both our full time jobs.

My buying reasons were: Positives:Out of 59 lots, 36 lots had mobile homes ( from 1980’s) but only 18 were occupied.Area is within city limit, close to a gas station, dollar general, church, bus station.

A problem is, without good cash flow you reach your DTI limit and can't qualify to refinance your equity out of those appreciated properties. 

Your collective rights have limits on what you can do the longer it continues.

It's going to be hard to dive in without wanting to relocate yourself and limited funds flying solo.

For ADU's - I've seen older posts on them being attributed limited value despite the additional sqft, bedrooms, bathrooms, etc. they add to the property, but the methodology seems to be geography specific.