But, more commonly, they bring in the capital, maybe do a site visit before closing, and ultimately just forward an investor email to the main operator, then forward the response to the investor.  

I'm excited to see what my journey brings.

When you make a move every year and get a deal that will bring you wealth in the 4 ways we all know real estate can, You will look back in 5 years and see that all your deals look better. 

I prefer markets that experience mild winters to eliminate the added costs brutal winters can bring. 

(It’s multi-family but not entirely stabilized.)Rehab Costs: How much should I budget for bringing vacant units to market-ready condition?

You need to do the research too if your area would be bringing in more money as an STR, some areas would do better as a long term rental as well. 

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

On a broker split maybe you need to bring in 120,000 commission to get that 72,000.

My question is why you want to bring it up to code, other than just to feel good or improve your exit strategy?

Let's assume we refi 70% of 150k value ($105k), so that would give us 30k back, bringing our cost down to $37.5k.