My question is why you want to bring it up to code, other than just to feel good or improve your exit strategy?

Your next local deal may feel somewhat similar in that regard.All the best!

We are the most productive STR in our area and bring a lot of revenue to the little town.

I'd bring island out a little more. my advice is make sure all rooms are 110 sq ft minimum. some of these look super small. we build a very similar one in our market.

Maybe they bring the experience and provide the funds.I don't like any of your options based on I think you are too new to investing in real estate to take on any of those.

A borrower really needs to have at least some "skin in the game" to make lenders feel comfortable.

I’ve joined some of these before & they often feel like sales pitches or marketing ploys, but I won’t be pumping people for information or trying to make a mailing list or any of that.

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

its genius really.. most bird dogs work for locals on a performance basis and don't have to pay the investor to bring them deals.. 

You need to do the research too if your area would be bringing in more money as an STR, some areas would do better as a long term rental as well.