Check out this article - covers your exact question comprehensively!

If your focus is to accommodate your mom and you can hold onto the property for a bit, I think you could definitely build equity and eventually generate cash flow from it.

Also includes a collection of online comprehensive learning courses led by Tom focused on tax savings and building wealth for new investors and entrepreneurs that are conveniently delivered online Includes 10 Online Courses: ➢ Your Wealth Dream ➢ Work-Free Wealth ➢ 3 Minute Investment Decisions ➢ Recruiting Your Wealth Dream Team ➢ The Entity Decision ➢ Deduct It All ➢ Conversion Secrets ➢ Slash Your Tax Bracket ➢ Free Money ➢ Delay Pay, Deduct Today 12 months of access to Ask Tom Live ▶ Ask Tom your questions live via webinar during two one-hour monthly live sessions ▶ Easy access to recordings of the live session ▶ Study the top questions gathered from entrepreneurs and investors while creating their strategy, personally answered by Tom Wheelwright, CPA ▶ While you are subscribed to Ask Tom Live, you’ll also receive full access to these additional courses: ➢ Know Your Numbers ➢ Lawsuit-Free Wealth ➢ Preparing for the Inevitable ➢ Recruiting Your Dream Team ➢ High Performance Tax Habits ➢ Audit Proof Reporting ➢ Walking the Walk ➢ S Corporations ➢ C Corporations ➢ The (Surprisingly) Exciting World of Cost Segregation ➢ Deduct Your Home Office ➢ The Power of Real Estate WealthAbilityTM U Online Courses We’ve developed our courses specifically to cater to entrepreneurs and investors just like you.

The comprehensive renovation result is a state-of-the-art facility that not only meets but exceeds the needs and expectations of our client.

I am in underwriting now with a small local bank who does have the local knowledge you mentioned, fingers crossed.I do have a fairly comprehensive business plan but did not get into the level of detail for the construction that you mentioned.  

If they know you are making an effort they are always more that reasonable to accommodate and work with you 

Conducting comprehensive market research in target markets with strong business demand, positive economic signals, job growth, and wealth growth are possible.

If your putting in new cabinets you can adjust the layout to accommodate your dishwasher

If a tenant requires hotel accommodations for more than 48 hours, the hotel room must include a refrigerator with a freezer and a range stove or oven OR provide each tenant a per diem for daily meals and incidentals equal to the CO state employee per diem for intrastate travel as established by the department of personnel.

If I had thought more comprehensively about the first which was a SFH I would have just financed it from the get go.