Commercial is a totally different ball game than residential, so connecting with a commercial broker will definitely make your life easier.

Sure you could hit a grand slam , once or twice in your life , but constant base hits bring in the same amount of runs on a steady basis 

I know many of us didn't get into this game until later in life so my hat's off to you.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

@Devin James The 1 habit that changed my life is I started prioritizing wants vs needs. 

- At a high level often people set goals that don’t align with their overall life goals.

The key will be to remain flexible, understand the local market dynamics, and position themselves to take advantage of the eventual boom when the project comes to life in 2025.

Your LTC leverage is also very similar to a bank construction loan but between origination fees and interest charges you will incur  ~$20,000 more in finance charges during the life of this renovation project.

Real life does not follow rules of thumb, they are there to give guidance.  

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.