Exactly that’s why I’m trying to figure out a way to take ownership or protect my investment as I’m taking over payments and do not wanna leave it under their name as they can just come back and take it

I think the HELOC is the way to go if you can - However after reading your post, if you are talking about a 6 figure pay day, how long would the property take to generate that 6 figures in cash flow?

Can anyone on there provide any figures for converting a standard fireplace to gas?

Might be worth chatting with a CPA or attorney who specializes in real estate to figure out what works best for your situation.

Moving walls usually requires figuring out what is or isn't load bearing and likely putting a large and usually expensive header.

Whether they’re navigating their first deal, figuring out how to structure financing, or learning the value of patience, my clients gain confidence knowing they have someone who’s been there.

I also want to purchase and repurpose unused spaces around various metro areas myself someday and I figured what a great way learn by helping someone else succeed.

I figured if they collect anything at all, that is better than nothing.  

That kind of restriction just doesn’t work for someone like me.I’m trying to figure out if I might be missing something in how I’m approaching this or if others have insights or examples of towns that not only allow STRs but also have laws that offer enough flexibility to operate in the way I’m aiming for.Many towns technically permit STRs but impose restrictive rules like membership requirements, ownership duration limits, or rental day caps, making operations challenging.

I owe roughly $75K.I found an off-market, 6 unit deal that is owned by a customer of mine i'm interested in purchasing.