Feel free to PM me.

Thanks for posting of course but feel free to reach out with anything else.

To rent the home, I would lose about $2,500 per month (based on comparable rents in my area, property management fees, etc).Both options loose the same amount by roughly 2 years, and by this time, I still will not have built up much more equity in the home to make selling it a break even unless there is price appreciation by then.My dilemma is this: I speculate that my home will not appreciate much in the next 3-5 years due to the rapid pace of development in the surrounding area.In 5-10+ years, maybe, but by then I'll have bled $150,000 - $300,000.I have thought about this a lot and feel that I mar'-too close to the problem to see the best solution.

A good designer and architect are key for a successful project like this and keep in mind these aren't cheap.There's a lot more details to consider, feel free to DM me for more details.

Always have a clear exit strategy, whether you plan to rent, flip, or sell the property down the line.If you or your son are looking for more hands-on guidance, feel free to reach out directly.

Maybe offer to split both labor and material costs, or at least find a way to make it feel more balanced.

I have a feeling this is going to be a long and painful process.

If you're ever in need of a PM in Palm Beach feel free to reach out!

Feel free to PM me if you want an introduction. 

Please feel free to send me a P.M.