A contractor can help with this or realtor who has done this3. depending on what side of highway 35 this is on is going to be a huge deal4.

It's not impossible but certainly a huge undertaking with a lot of pressure on a first time househacker. 

Why ask: Access to consistent support after meetings can make a huge difference in your progress.

Glad we don't have a huge tax liability. 

If you decide to revisit STRs, you might want to explore properties where you can project expenses independently, such as using local STR forums or online tools to estimate maintenance, management, and occupancy costs.For networking and strategy-building, you might find local meetups or groups beneficial.

Long term hold, with buyer planning on carrying existing financing to term without the ability to quickly cure default — terrible strategy with huge risk for both parties.   

My local REIA used to have Saturday morning cash flow games that I found very beneficial.

One thing that is really challenging about this market is the huge number of agents and groups that are here.Thanks again!

im in Orange County CA and there is a huge market here for room by room rentals here. i've been doing this for quite some time (over a decade now), and it certainly has its pro's and cons. my advice if you go about this is make sure you do proper vetting before moving someone in... not only for financials/ credit-worthiness, but also for temperament and expectations in a co-living space. we ask a lot of questions like "how do you handle conflict?"

The neighbors saw the STRs in the neighborhood as a huge upgrade over what had been there (run-down, neglected old houses turned into the best in the area)...