I have learned that even though Salt Lake is a large city, it is quite small when it comes to networking, which I enjoy.

People think it's inexpensive to install a Washer & Dryer, but getting the gas, electrical, water, and drain/vent there is usually quite expensive.Here in Chicago, we always want to be at the top of the market regardless of the competition, so we almost always install a W/D when we renovate our properties, even in some of the less desirable neighborhoods.

I am considering investing in a home to Padsplit, but not quite sure what the best structure for financing would be.

I ask because if you redid ele and plumbing for kitchen and bath, plus added new panel and did rewiring, than those costs are quite low.

Quote from @Tim Delaney: That seems like quite a jump in rate!

We need more cash and need to quit looking in these locations.

Now enjoying "retirement" he loves to assist other new and seasoned investors down the path of financial independence through real estate investing.The Thursday meetup is quite similar and consists of several local investors who can attend when they are free. 

Quote from @Larry Nielsen: It's actually quite simple.

In Denver where I invest it's actually a PLUS to not have the other unit considered separate because permits are only allowed for STR if you're renting out your primary residence and I know many folks who put a locking door on part of their home and have a separate external entrance to that part of the house, and rent it out as an AirBNB without it being considered an additional unit by the city.

You are getting a lot of advice because that's what you asked for, but the real issue is that you went into this knowing nothing, with no help, and not enough money to do the job so it makes sense you are thinking of quitting.