If the end product is similar to conventional construction, and is compliant with applicable building codes then I think you're good to go.I think you should also consider where you might start. 

We have offered they can terminate their lease at no penalty charge because frankly they complain a lot and are unhappy with the residence.

I’ve paid for permit applications, clearing trees, survey, design and engineering, and architectural plans.

Personally I think the Suburbs of Philadelphia is a stronger market with less hoops to jump through, strong rental demand, and a great pool of tenant applicants.

They'll charge you way less than 30k. :-)But be careful on this idea that you can offset all your income with depreciation. 

Be interested in what your thoughts are to include this in a lease (needs to be maintained to some defined degree of cleanliness rather than waiting until move-out and deduct cleaning charges from their deposit).

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

.- **Cons**: You'll have to deal with multiple loan applications, closing costs, and monthly payments, which can be more complicated and expensive.### Option 2: Portfolio Loan- **Pros**: A portfolio loan allows you to use multiple properties as collateral for a single loan.

@Max BellinoDo you know the reason to have a charging company in Delaware and a holding company that holds other LLC’s?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.