I'd consider doing some kind of cash out refi on the property at a number you're both comfortable pulling out, while still leaving $ for reserves to maintain the STR you currently have.

., while residing in Canada, then you would need to hold the assets in an incorporated entity.  

But it won’t take that kind of event for someone who needs cash flow to fail.

I'm also considering a separate living room space or maybe some kind of artist studio. 

It’s a long game so worrying about the short term is kind of pointless.

Okay, thanks for kind of putting me in my place here.

@Jake Andronico, thanks for that kind shout out. 

I'm having a hard time finding any estimating tools for this kind of a project, adding a story and multiple BR/1 BA, and wondered if there were any tools, sites or recommendations any of you have for this kind of a project. 

It’s always helpful to hear how others structure these kinds of deals, especially with larger properties like mobile home parks.Also, what’s your game plan moving forward?

It’s worth understanding their opinion and sometimes this kind of request means they see more potential in the deals than they’re letting on.