Just so you’re aware, it can take up to 3-4 weeks to obtain your notice of decision after the ZBA hearing and the 30 day appeal period doesn’t begin until the notice of decision is issued so you can easily wait 60 days from the date of your hearing to receive a copy of your zoning permit. 

Until I wait for the seasoning period to be over.

The reno can wait.

Now as I’m researching on the BP forums, I found a couple comments about this.I will either have to wait till next year after filing 2024 taxes, to apply for low money down with FHA loan or find another way to make this work.Just wanted to post this so it may help someone else not make same mistakes.

You have to send in documents, wait, get permession, get called/emailed back, THEN get permission to do normal things that take 30 seconds on a normal online bank portal such as a same day wire transfer.  

It might be more wise to think more on entrepreneurially, and wait to see what happens- and look for ways to exploit that solution in ways that can make you money.

Did you consider waiting until 2025 when 3 units would be able to have 3 ADUs (SB1211)?  

They can give you the lay of the land about the risks in your market.

One is 100% cash flow, one makes some cash, and the third is about $13000-$15000 (management fees only, mortgage and escrow are covered) per year short of breaking even—we understand that this vacation rental was an investment and are content to wait another year or so before it provides a cash flow.

Or wait until it’s fully renovated?