I think I will take both of these directives and try to find a happy medium.As far as photos and advertising, I'm going to make some tweaks to the ad, and I have many friends who are in film who could hook me up with some better photos, or at least the camera equipment I need to do it myself.I have a showing tomorrow, and in the meantime I'll work on a plan for my next move and will post an update as things progress.Thanks again! 

They focused on renovations that appeal universally.. think updated kitchens and bathrooms - and kept meticulous records of their expenses.

I will be investing roughly 10k into equipment for this new gig. 

I have a DADU over my detached garage that my daughter used to live in, but now she is out on her own so if I want to do a more major renovation (need to refinish the floors and maybe open up the kitchen more), I can move into the DADU as well.

Aside from not paying any rent since July, claiming she lost her 2 jobs due to COVID19 (and the California eviction ban protecting her) she's been complaining that there's a gap in the kitchen floor where flies could fly in, and black mold in the shower.  

I'd sell if I were you. 1) I don't like HOAs and certainly not for STR or MTR 2) the numbers don't make sense for you to invest in a big kitchen/bath renovation 3) it doesn't look like it's appreciating very well.

The sale included a sound stage and all types of equipment.

If the home is 100 yrs old, I'm assuming it's a definite gut which is going to require new plumbing, electrical, heating, cosmetics.I spent about $140K reno on my multi family in the heights on NY ave and there were massive problems with it but it was a gut to 3 units & adding 2 bathrooms, 3 brand new kitchens 4 bathroom reno in total, all new flooring, sheetrock , insulation, framing, doors, electrical, plumbing, paint, parts of roof etc.

Planning to start a complete home remodel (interior/exterior) on a home (currently 837 sq ft), kitchen and bathroom bump out, and add an additional bathroom. 

You and this private person you met hammer out the details of the loan at the kitchen table so to speak and you seal it with a handshake and your reputation that this Private Person already respects or whomever introduced has vouched for you.But if a man opens a lending company tomorrow with 50 Million of his own capital and he checks in on the HML market to see what it bears and he copies his products and UW guidelines and now is he PML or HML?