Market 1bd rents are about $1500-$2000.Ideally, we would have 24 months to get thru plans/engineering/permits/rennovation.

. - Bulid My Own Team of Buyers agentsLender, Permit chaser, Contractors &Landscapers, Cold Callers, & Property Managers.- Travel The World While Doing Deals. 

Find a mortgage broker in your neck of the woods and ask about FHA 203(k) rehab loans.Check at the county/city to see if you can get permits to add the additional bed/bath.  

In terms of the permitting process, an architect that can self certified drawings would reduce the wait time to receive the permit. 

It is far more difficult to raise the capital from the types of check writers you are pursuing without a fully permitted project.

It’s such a great area for short-term rentals.For licensing, definitely check out the Bay County website — they outline what you need for business tax receipts, short-term rental permits, and any local requirements.

Could put more pressure on 1c than just inventory or increase in permitting.  

As long as the ADU is under 900 sq. ft. and meets the state building code, there will be no variance or special permit needed, so no ZBA or neighborhood meetings.

Your biggest expense will be permits and new panels. 

Adding a bathroom that has been "permitted" usually adds value.