Great share @Brie Schmidt!  

I will post some progress as I get into the renovation after I close and share more numbers of my cost. 

Could you share more details about what stood out to you in the demo?

Here are some financing options to consider:HELOC or Cash-Out Refi on Another Property – If you or your mom have equity elsewhere, this could be a more flexible and lower-interest option.Business Line of Credit – Since the property is in an LLC, you might qualify for a business LOC, which could cover construction costs.Private Money Lender – If you’re okay with 12-15% rates, a private lender could fund this as a short-term loan, especially if the guesthouse will generate strong income.Construction Loan – Some lenders offer short-term construction financing, which converts to a longer-term mortgage once completed.Seller/Partner Financing – Bringing in an investor or structuring a joint venture with someone willing to fund the build in exchange for a share of the income.Credit Card Stacking or Unsecured Business Loans – Riskier but could work if you need to bridge a gap until the unit starts cash flowing.Would love to hear more details—especially your timeline and expected rental income.

.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

You could structure a profit split or equity share where you handle project execution while they bring the funding.

But you knew the local landfill/trash incineration company had been given the ok to build a massive facility in 3 years.

Based in San Diego, I’m looking to connect with local professionals, share insights, and learn from others in the community.

Looking forward to learning, sharing, and connecting with this community!

I’m active in the market and happy to share insights on neighborhoods, financing options, or connect you with resources.