Another possibility could be a home equity line of credit (HELOC), if you have sufficient equity in another propertyGood luck with your project!

I am also a project manager and a architectural designer for a real estate developer in NYC. 

This is our "8 x 8 project" - there, I've said it out loud to remain accountable! 

Hey BP,I’m a STR Manager & investor, and wanted to share a fun project! 

Small demolition projects make massive impacts.

My partner is also a project manager, so we are relatively confident we can run a successful renovation remotely from Long Island.Jaycee - There are not a lot of pictures or other informative metrics for me to 100% say yes.

In your 'assumptions' and projections, Would you rather...1.

.- Large remodels or construction projects (Live in Flip) can be self-managed, worked on directly, and the value add, after 2 years, is largely tax free up to certain limits. - Many areas around the country allow for ADU Construction - house-hackers enjoy similar benefits to remodeling projects by being naturally on-site for ADU construction. 

Projected sale: 950-990k Replacement property budget: 990k - 1.1M Plan: rent out the replacement home until meeting the requirements, then move into it while renting out a portion of the home via short-term rental 

With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.