Hello,Great job on proactively creating value in your current FHA property!

The first step I'm doing is checking with the city zoning to see what they would allow before I get too deep with looking at plans, financing and construction. 

@Nathan Deutsch what are your next 3 steps in your investing journey?

If that later, what steps would you recommend taking to getting started.  

I think if I can achieve that I will rapidly learn, then be able to evaluate what steps might be best for the next stages.

However, you may be able to get the property at a discount, step in, and solve the problem.

Every next step of the process gets executed days or weeks after it's supposed to. 

That's truly step 1.

Sometimes less is more and just taking the step to buy one more might be better than selling your goose that laid the golden egg in the existing successful house.

Even if the property owner LLC is named as a co-defendant for construction related liability if you implement the steps I mentioned in my earlier post,  in most instances construction related liability can be deflected to Builder or responsible sub contractors.