Kicking off your BRRRR journey is an exciting step, and it sounds like you've got a solid base with your current rental.

If I do the work unpermitted by a licensed contractor, is it illegal to advertise it based on the added bedrooms?

Target a price based on where I am in my REI plan, which has a specific amount of cash available, and a specific return needed from that cash, at the specific timeline in my plan. 

This is just based on my own research, I haven't done it myself.

In Jan, that wasn't the case, but come April they pick up.True, but I am guessing based on him saying only 5 showing in his first 10 days means that he is not in one of those markets.

Looks like my recent traction is better Sean's based on his Airbnb profile. 

At an exit value below $600k, that is a decent deal (an easy single looking to round to second base).Also, Jordan has stated that he will receive a flat rate of 8% in 90 days (not 8% annulized) which comes out to a 32% annual return.Jordan, word to the wise, any loan contract you have with your borrower here in CA that exceeds an annual interest rate (including any points, fees, etc) in escess of 10% would constitute a CA usury violation.

*This link comes directly from our calculators, based on information input by the member who posted.

Your closing costs look reasonable to me based on my personal experience (I'm not an expert though). 

I have discussed this with my contractor and he says that to go over it with vinyl is the best thing (the sellers have just painted it but it is crumbling in several areas) and that he has to wear a full respirator setup like he would for lead based paint abatement or other hazardous materials but just screwing into it doesn’t disturb it so much that it is too much of a problem.