@Tim Porsche- give me a shout when you're free.

I'm local in Grand Rapids as well so feel free to shoot me any questions you might have and I'll help you any way I can.

My parents offered let me have a room at their house to keep my things and to stay at when I'm in town for free.

If you are not already working with a Qualified Intermediary on this, I'd be happy to give you a free consult to walk you through the details of your case. 

The builder will need to be approved by the Bank/Lender or the bank/lender can provide you an already approved builder they have used before in that County.Once the builder is approved the Bank/Lender will have a initial meeting and set up an agreed upon draw phase based on the work that will be completed in phases.Best thing to do is have a conversation with a seasoned Banker or Loan officer to start an application and set up step by step plan.Feel free to reach out if you have any questions I am always happy to help and talk REI.

Most of the time, you are better off selling the home and getting the proceeds tax free and using that to buy a rental.

This way, you can live in one unit for free or very cheaply while you get the hang of being a landlord and grow your money in the property.

Most cost segregation firms will provide a free cost/benefit analysis quote to help you determine if the tax benefits from the study will outweigh the costs.

If you would ever like to meet for coffee, feel free to reach out any time!

If you need an investor-friendly lender intro to go over your financing options, feel free to send me a PM.