Estimating material costs is easier but the labor is tough.

To fix this problem without involving all of this shenanigans would probably only cost a few hundred dollars in materials and a few hours labor.

Spend a little more on the front end with better materials. nothing worthwhile is ever easy or everyone would be doing it.  

Hello BiggerPockets,I am new to the site and very interested in diving into the enormous amount of material on the site. 

Depending on your loan structure I'm not even sure you could legally offer a personal guarantee outside of the loan for that money without committing mortgage fraud, as anything that could hinder the ability of the primary lender to recover their principal is supposed to be declared during their diligence period, and any material changes up to the point of taking the loan are supposed to be disclosed as well.

To avoid any confusion, this is not the same thing as ( “home sharing”, or an “owner-occupied rental.”)Improvements generally need to be depreciated over 15 years, note I said generally, depending on the nature of the improvement and how long the IRS standard depreciation period is for the cost and size of expenses.Strategies depend on a number of things including, but not limited to: type of property, your material participation, how long you plan to hold it, your goals.

What materials do you want to use? 

With the high cost of the popular keywords, driven by “auction” combination of high bids and best results, it has become much more difficult and costly then SEO.  

A lot of people shrug off Modular and Manufactured but they are both cash cows and help avoid longer construction times, higher material costs and less permits. 

Water is short-term issue, it won't be a material one.