We just acquired a fairly new shopping center in Florida.

True story: Fire detectors should’ve been replaced in this one rental property back in 2017!!

My original thought was to fill in the gulley and build a warehouse structure on it to rent out as either an auto shop or larger storage type facility.

The numbers seemed too good to be true!

What began as a very soft Spring STR shopping season crescendoed with Memorial Day weekend resulting in prime active listings going pending within just a few days and several with multiple offers. 

To find good contractors, i've had decent luck with the NAHB website, https://www.nahb.org/nahb-community/nahb-directories I don't know that I would spend the money on a designer, not that they are not valuable and have their place, but with an investment it seems like there is a tried and true design that you'll see transcends markets.

A lot of landlords are advised to put their properties in the name of an LLC for asset protection.While this is basically true, the reality isn’t what most landlords think.If a legal issue occurs with your property resulting in a lawsuit, there’s a decent chance the plaintiff’s attorney will be successful in “piercing the corporate veil” of your LLC if you were sloppy and being able to sue you directly.

Hi - theres going to be some nuance and some options here - generally, like some of the other contributors have said, there is typically a at least 3 month (typically six month) waiting period for a true cash-out (based on value) but that there are some other options, sometimes called "Delayed Financing" or cash-out based on your costs that are earlier. 

My brokerage is licensed in all 50 states and we are able to shop all insurance coverage across multiple brokers.

You may want to shop around.