Now we are considering creating a Holding LLC that will be managed and owned by both of us.

We are in the LOI stage..

However, the HOA then said "we are still fully opposed to the door".I am working with our RE attorney, but I was wondering if anyone had any tips or experience in this situation. 

I agree with John, we are seeing renovation costs of $150k- $200k for a basement unit and $250k + for a coach house. 

I think we are both most interested in long term rentals.

We are looking to open up the wall and then raise the floor and plumb 2 heated and cooled air duct lines to the room.

We are at the top of this boom cycle, and the time is not right for the average buyer to make that move in many areas.Keep in mind that the faster/higher the boom, the faster and more severe the bust. 

We are accredited investors and real estate brokers, and we are in our 70's, and we live in Maui.

So we are familiar with the north GA, western NC area.My wife's aunt and uncle are selling their house in Franklin, NC.

But other than that, no damage or wearing out of stuff so far after 8 years.