You could set it up as an Airbnb, but that brings me to the next section.Airbnb & STR ValueAlmost all of the major cites, especially Florence, have created bans on new Airbnbin their cities.

It ensures you’re bringing in responsible tenants and minimizing risks.

He is looking at a group of investors like myself to bring 25% of the project value and then procure a bank loan for the remaining 75%.

Of the conversations I have had with people discussing hard money lending, some seemed opinionated in that the high interest rates and terms were enough to scare them off.

Its current projections are to bring in between 150k and 180k with estimated costs of 60k.  

My question is why you want to bring it up to code, other than just to feel good or improve your exit strategy?

Hopefully the permitting people are nice and will offer some guidance.  

Trying to bring this back to the top.

It is pretty easy to keep it fully occupied but it does mean I turn away a ton of people who want a lease that doesn't quite fit my requirements. 

Now, Kiavi is telling me I need to bring $20,000 to the closing table** to make this work because they’re lending at 70% LTV.