Thank youCREATING a note from the sale of rental property can be beneficial IF either of these two possibilities exist(1) you are able to obtain a significantly higher price on sale of the property by offering a seller financed note WITHOUT an undo increase in default risk(2) you are able to “wrap” an existing mortgage note bearing a low rate of interest with a seller financed note bearing a higher rate of interest. 

When I approach these I start with looking at what it would cost one, the current fair market value, to obtain such a property.

If the landlord has good records and they're having issues obtaining estoppels, it's not the end of the world. 

If you owe $160,000 or more on such a home, even though you have $40,000 in equity you cannot obtain a home equity loan.Limits on the Number of Loans:Only one equity loan may be issued against a homestead at a time.

How does one go about obtaining a basic floor plan of their AirBNB to submit to the city/county?

.- a cash offer could be extended to obtain a discount at purchase that could be refinanced after purchase- a high cash flow low appreciating market with historical appreciation below the appreciation rate can benefit from the increased cash flow of 0% LTV versus the little benefit (in this case) of the increased return that could result from leverage.The reality is that many cash purchases are not unleveraged for long.  

In my case, I have relatives who are builders (in a different state) but have good connections with subs, etc. and I am spending the time to personally review all proposals (obtaining some on my own as a check), etc. so that I am confident that the cost incurred is appropriate. 

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain. 

Establishing direct contact with the sponsor is crucial for obtaining detailed and specific information.