Please note the information below is a layman's definition designed to provide a basic understanding for the general audience.

Networking with contractors and architects for design and execution.

That isn't enough equity to move the needle now and since you are on a 5.75% FHA, your payments are probably still pretty high comparatively which might cut the ability to save more.

Make sure you find a really talented and qualified designer with original ideas.

You need to have criteria designed to protect your money, and a reliable method of determining value.In my opinion, appraisals are not necessarily a reliable method of determining value, so staying within your own market area to start with can also protect your capital because it's easier to know value next door than across the country.

Design the layout of the project and budget.

It almost seems like it was designed that way.

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You think changing interior design, pictures, layout, etc would change STR success?

There are designers who focus on ADU layout, drafters who just draw ADU plans, and contractors who just pump out garage conversions.