Any advice on managing this situation, reducing costs, or navigating the permit process would be greatly appreciated.

You may confidently handle the process of transferring your house hacking property to an LLC and optimize protection and advantages by collaborating closely with a real estate attorney, tax adviser, and other experts.Good luck!

@Aaron Bard the syndication route would likely be the best route to go for you.You will likely structure in either a 506(b) or 506(c) syndication, each having different pros/cons.To raise capital from those outside of friends in family, you will need systems and process to be able to target/attract investor that want to partner with you on your projects. 

I am contemplating taking a master class to accelerate the process. 

Would have saved, saved saved that money from roommmates and repeated the process again every year or two. 

We are still in the process of this as the city has been a little difficult to work with.

Then, once you own it, you can look into refinancing without the risk of a lender failing to perform.As for which strategy to choose, think about picking one that fits your situation and has the best chance of success, especially since you're new to investing and live in another country.Vision the follwoings:Option 1: BRRR - This involves a lot of micromanaging and supervision work during the renovation process, including dealing with contractors, permits, and other details.

On this deal, I was representing a moderately experienced buyer whom I have worked with twice previously in a purchase of a relatively new small multi-family building.This is my review of a transaction that did not make it to close, which highlights the process of going through an inspection period with an experienced investor-friendly agent and how that process worked correctly for the buyer.  

Then essentially repeat the process.

Would consider a JV where I reap some of the financial rewards for helping her through the process and helping her secure the loan with my co-signature.