Rockaway Beach has made consistent appearances on many top beach STR investment lists due to a balanced price to ROI ratio (and majestic destination) with a historically a low barrier to an STR permit.

If the law permitted, I'd have them out immediately.

@Aubrey Ford If the Zoning permit for the basement unit was never pulled you can either just apply for it yourself or hire someone to apply for it for you.

Identify areas with characteristics that will drive demand....accessibility, good schools, neighborhood amenities that improve quality of life (parks & recreation), quality retail/commercial etc. 

(Linked for free use as well) Thank you in advance. https://www.icloud.com/numbers/001gDqWRq6WawXhBzkGU0fOpg#Dup...20%-15% land accusation50% construction 25%-30% sweat equity- Permits What is the laundry list of permits needed to to get started with a new construction duplex? 

Loan should be CTC within a week of contract and investors enjoying the property and filing their STR permit application for Summer..Rate on a 30 year fixed was in the high 6%'s...big job's report tomorrow that could accelerate rate cuts..stay tuned! 

The way to mitigate this risk is by getting a permit to legalize the unit(which may be a bit more difficult) or duplex the unit with digging down the basement to be in compliance with zoning and building codes. 

I mistypeCurrent loan is 420k and Value is 545k.It's a permitted detached garage that I want to turn into ADU.

Building new sounds great, but it's usually way more expensive per square foot when you factor in land, materials, labor, and permits.

The cost was $1800 plus the cost of the permits (around $200) for a total of 2k.