The property required a full gut rehab as it had been vacant for 15+ years.

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

A lot of the popular areas in Charleston proper that are not licensed under the old laws now require the owner to live on the premises to obtain an STR license.

It’s likely the GC will subcontract the concrete work to a specialist while they focus on managing the permitting process and ensuring everything is done to code—especially if there are ADA requirements involved for the ramp.Let me know if you need help navigating the process or any tips for working with contractors.

-Leverages your current momentum and enthusiasm for investing, potentially accelerating your path to financial freedom.Cons:-Requires managing two properties, which could add stress unless you already have a system in place (or plan to hire a property manager).

You are required by law to send  1099 to the government, and to the vendors if you have payments of $600 or more in a calendar year. 

We have become good at it, by simply issue a 3 day letter to pay rent or quit.

If not on a state road, a muncipal permit is also usually required. 

How are you handling the new LAIC requirement in Cleveland?

To avoid reducing your lifetime exemption, you could gift equity incrementally, but this requires proper legal structuring (e.g., fractional ownership transfers).