Aside from that, rate/terms are good for refinancing any existing debt quickly, but for the BRRRR strategy to work well you really want to go with the cash-out options so that you leave with funds for your next property's downpayment.

Thanks, SteveI'm more concerned about the possibility of active termites than the cost to repair existing damage.

In fact, even if the property were to appreciate to the point where a favorable refinance event existed for @Eli Jerman I would most likely still advise against re-titling the property in an LLC.

i was just reading over it and looks like you cant rent it shorter than 7 days and looks as thought it needs to be zoned b1 and up but anyway in my opinion str wont make any money in the area the occupancy rates just aren't there to cover the costs. i mean if someone what's to do it by all means have at it but im out.fox lake is limited to i believe 60 rentals at any given time but again if you look at the Calanders of the existing listings they're just not booked very much  

@Johana Villamilcan you share more information about purchase price, current amount spent, remaining work, what your existing contract says? 

First I would go to the Building Dept and see if the existing garage is allowed to be converted.

QOFs can make investments in a wide variety of real estate and new or existing businesses, including commercial real estate, housing, infrastructure, and start-up businesses.

As a former hipster (before the word existed) this actually probably true, but for obvious reasons. 

The airbnb numbers are what people surrounding this and other existing clients are getting in this zipcode for just rooms (around $130-150/night for a private room rental not necessarily an entire place). 

I also cater to how they do things if they already have existing books.