Short term it is difficult to make the numbers work, the cost of new construction and the time it takes to zone-plan-build are usually the main reasons why private investors stay clear.

ThanksWhy do you think the city would approve that and how are you planning on getting plumbing in?

If you are planning on selling, contact a realtor to make sure you are getting a fair value for your house. 

For down payment, plan to need 30-40%.

@Jacob AndersonI've only used my HELOC for investing when I have a quick exit plan.

Sounds like you a have a very well thought out plan.

We've got great reviews and super host status on a personal account, but we're planning on building a brand via our management company and buying cabin communities / boutique hotels as well.

For example, more downpayment means less interest rate regardless or whatever loan.I am trying to see what sort of action I can take right now so I can plan detailed and measured steps to my goal.

As we move into 2025, these trends are shaping how we approach renovations:Open Floor Plans with Purpose: Open concepts remain a top priority, but it’s no longer just about tearing down walls.

I'm planning to review where I stand, considering my current low income, to explore the best path forward.