Complete remodel including new flooring and paint throughoutupdated the bathroomremodeled the kitchen- added a dishwasher and gave more dining room space (did not remove a wall just remodel the kitchen so that the refrigerator could fit in it) added more cabinet spacenew light fixtures throughoutadded curb appeal What was the outcome?

Some benefits are restricted, particularly the rights to remodel or resell, per my understanding.

Remodel a kitchen/bath/new paint/maybe some new LVP flooring?

I'll get most all of my remodel money back out and be left with about 20% of my own money in the house - cash flow will be limited once rented.

I'm heading back in two weeks to finish setting up the remodeled unit so if anyone else is on island would be happy to chat then.

.- Additionally, we will use the loan to remodel our current home and rent out. 

11DefineConsult an interior designer12PlanCreate project plan (timelines, key dates, who to contact)13PlanCreate budget and brainstorm financing options14PlanSecure financing15BuildGet permits and licenseses16BuildGet water/electricity/power hookups set up17BuildPrepare for build (e.g. lay foundation)18BuildBuy structure19BuildBuild and remodel structure (insulation, electric, siding, etc.)20BuildBuild out interior design (e.g. paint, decorate, etc.) and buy appliances/decor21BuildBuild out lawn and landscape22BuildFinalize the exterior of the building (e.g. paint and fixtures)23MarketTake photos24MarketCreate listing25MarketCreate websiteThanks!

A benefit to having the commercial property and entity is that we aim to utilize business credit, so that our personal credit and debt to income ratio is not tanked as we remodel or redesign or buy furniture. 

When we needed money it wasn't available due to low FICO scores from remodeling, DTI and so forth, so when we think of a possible financial pinch coming in advance, and can draw from a HELOC, that helps out a lot.  

Now if I remodel the kitchen, bathrooms, doors, windows and some other stuff I could probably rent it out for $650-$700, increasing my cash flow, specially when I move out.