With a rate for a first mortgage today in the 6-7% range something like this probably is going to be close to or in the double digits. 

http://www.123flip.com/education/rehab-order-of-op...

Education on financing and scaling, such as DSCR loans, and partnerships can help you take on larger projects.

Fast forward to today and one of those existing STR's has become a nuisance to the neighborhood and so the HOA board is planning to ban all STR's using what they believe are provisions in the CC&Rs to justify it and have consulted an attorney to validate the legal standing on implementing this ban.The CC&Rs were written in 1998 (before STR's was even a thing) and have these sections being cited by a couple members of the board as justification for banning the rentals (note there is not anything explicit about STR's in the documents)Section 1 – Single Family Residential – states in part, “… Lots… shall be used for no purpose other than residential purposes.”

The dollar will be valued less than today. 

For this particular property, I went to see it today and the conversion appears to be a rather simple project of moving a door.

If you signed a new lease with a $100 increase today, then when lease renewal came around 1 year from now, you would be up to $1000 with that $50 increase.

Thanks in todays world there is no such thing as anonymity.

Could be a cheap way to get a no money down rental :-oWe put in an offer on Blairmore today for $5k over asking.

You just won't really have a ton of positive cash flow right off the bat if you are refinancing at 70-80% LTV at today's interest rates.Multi family you can get both but those are tougher on the equity side of things since they cost more to rehab compared to a single family home.