It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

., 2021 and pulled $150k out to invest with a builder in SW, Florida who has yet to deliver the first of three houses in three years. 

@Eric Lowe Prior to pulling the trigger on a Cost Seg study, you should evaluate 2 things:1 - How much net additional deprecation tax deductions a Cost Seg study would provide: Best way to get this is by requesting a free feasibility analysis from a Cost Seg provider.

I understand they are due when the building permits are pulled. 

I’d be very grateful for any advice or recommendations on how best to approach these modifications.Also if I were to refinance in the future to pull out cash from the property, is this something that banks could refuse to lend on if I have code violations of lets say a wall that was moved or removed?

For a 1-4 unit in a cheaper cash-flowing market a the costs to refinance are not cheap relative to the equity being pulled out in many/most cases. 

An architect can assist you in the initial work to get this submitted to the city for review and approval, and then a GC can pull the permit and work with you and the local inspectors to get this up to code.

we have a flag lot and constant deliveries every single day.. so far so good.. we are on a culdesac with only 3 houses ( built mine and the one in front) someone would have to follow one of the vans to snag ours as you cannot see them from the street and I have not had anyone pull up into my driveway as you would have to back out.

I'd consider doing some kind of cash out refi on the property at a number you're both comfortable pulling out, while still leaving $ for reserves to maintain the STR you currently have.

I am not currently invested in any syndications except my own fund at this time as back in 2020 I pulled out of all syndications.2.