The information contained in this post is not to be relied upon.

You’ll need an agent who knows the area well, a solid property manager, reliable contractor connections, and lenders if you plan to use private money.

Had a good conversation about his assets in the area as well as the situation with the property.

I am looking to purchase real estate for both investment purpose as well as to offset as much tax liability as possible. 

Commercial deals are going to look at your qualifications as an investor as well as the DSCR value of the property supporting itself (at least here in the USA).For construction, you will need to look into licensing requirements such as a GC license.

Pretty fast turn around cycle.Congratulations, well done!!

Quote from @John O'Leary: Hi Joe,We’ve worked with several PadSplit investors to secure financing, and while these properties cash flow really really well, they do come with challenges—tenant turnover/issues and being the biggest ones.One hurdle we’ve seen is that getting financing can be tricky since PadSplit rentals are still considered non-conforming by most lenders.

I'll send you a message to get more information from you. 

When faced with scenarios like this, it's tough to answer such a specific question with limited information. 

So far, the BnB is well-received in the neighborhood, and a priority is to keep it that way long-term.Thank you in advance!