Empty rooms don’t sell well, and you want your listing to stand out.

This will of course depend on your local tenancy laws as well.

Had a good conversation about his assets in the area as well as the situation with the property.

Commercial deals are going to look at your qualifications as an investor as well as the DSCR value of the property supporting itself (at least here in the USA).For construction, you will need to look into licensing requirements such as a GC license.

With the capital and experience to offer I've seen this work well as a joint venture.

So far, the BnB is well-received in the neighborhood, and a priority is to keep it that way long-term.Thank you in advance! 

I am definitely looking to obtain funding for the down payment as well.

Also if there are any local mentors in my area who would be willing and interested in helping me out I also am connected to Michigan as well! 

Are you set on MFH or are you interested in SFH as well? 

Another alternative here could be refinancing although it is likely your rate is well below today's rates.This is not financial advice, I am not a lender... just sharing some insights that have been shared recently.