First off, I apologize for the long ramble ahead, but I want to give you all a clear picture of where I'm at.

I first "met" Reed while listening to a podcast about his journey from Australia to the US - a place he never visited before.

Labor and materials and time it takes to complete will be a lot longer.Have you physically visited the property ?

Your market sounds awesome and quirky and I definitely want to visit there:)  It's not typical of my market - my summer is nearly booked already. 

I wouldn't let them stop me from moving ahead at all.....Maybe ask for $2000 cash (to close the deal) back  just for fun.

I went ahead and used KGKB to create a cost segragtion report for my property and I have provided some context on the steps that I took before landing on this decision.

Notably, personal visits for maintenance purposes do not contribute to personal use calculations.

When the user visits it and fills in info, the system stores the info.

In the long run, you'll be further ahead, but in the short term you will be putting in a lot of money and not getting anything back.Giving them 1 year's notice that rents will increase and letting them know they can move out at anytime with 30 day's notice will give them time to find a new place.I'm also assuming you aren't in an area where there are caps on rent increases.

Hell Looking to understand and get advice if there are still accessible opportunities to grow wealth through real estate in the Seattle area (Seattle, Bellevue, Issaquah or beyond).Objectives: - De-risk income/wealth from my full time job - Grow wealth (property appreciation) - More cash flow (if possible)- Have somewhere to stay (myself and family) when I visit (why something like STR/corporate rental would be great - can have a spare few weeks here and there)I have a couple properties in the Seattle/Bellevue area.