A cash-out refinance can provide liquidity while keeping the property, though it carries risks.

The definition of “livable” or “finished” space can be surprisingly specific.In many markets, including here in Arizona, appraisers and agents generally want the space to be finished in a manner consistant with the rest of the home and serviced by a more permanent heating and cooling source.

This run though focusing on zero debt instead of drinking the refi to you die cool aid I believed prior to 08 .. we can now sleep well at night compared to those days.

I also just use word processing to create a guide book. 3 ring binder with sheet protectors.I put in all sorts of things like local menus, maps to cool places etc.

It would be $1.1m, and according to AirDNA it would run -$40k/yr as an STR, and while local rent rates are high it would still run about -$2500k/m.It is such a cool and unique property I hate to let it go and would love to find a creative use for it that could at least carry itself (approx $6k/m+).

Very cool thank you for the post.I have thought about a laundry mat with 3 apartments on top in my town, I even know the lot I want to put it on. 

I just head up and tell the dock guys and I leave with 10 or so.Sometimes guests take them with them as they are pretty cool and I just have more sitting to put out.

What a cool little place, I would stay there for sure!

Weather - you need to make sure tenants are warm in the winter and cool in the summer.

I’m happy to share tips about the area if you’re looking for neighborhoods to rent or cool places to visit while you’re here.