An architect can assist you in the initial work to get this submitted to the city for review and approval, and then a GC can pull the permit and work with you and the local inspectors to get this up to code.

It's about finding a situation where you can force enough value to create a 20%+ equity position. 

If the numbers still work, you’ll be in a solid position to proceed.

I'd be happy to answer any specific questions you have if you'd like to PM me.P.S.Thanks for the positive review of our event @Tracy Z.

Hey @Robert Carmody, we are only on AirBNB and VRBO and they work just fine.I have been reluctant to do a Booking.com listing due to the negative reviews I have heard from other hosts.Booking.com was geared towards hotel stays, which means your STR gets treated like a hotel room.

Consolidating CC typically is a net positive, when we come across that there are a few ways to leverage equity in your home to do that so you can save monthly and get the balance down faster. 

A better approach is to network with other experienced passive investors and review the offering together. 

Thanks for the insight I'd review the contract or agreement and maybe consult an attorney about getting out of this.

However, in such a case, a rescue fund would hold a superior position in the capital structure compared to the common equity investors, including yourselves and there acting as a parasite taking equity upside from all common equity investors.While this might provide a safer position for the pref equity slash rescue fund, it would also significantly impact the returns for common equity investors (previous guys).

This creates a negative initial position.