Interest is low on the house and has a great cash flow, always has been.

The easiest would be to have the tenant vacate, rehab and do a cash out refi

As you know, that's not a way to maximize value, cash flow, or return on time

Tax Liens, Notes, Short Term rentals, single family long term rentals, commercial, mobile homes, oil and gas? 

After 3 - 5 years I would plan to either sell the house or hold onto the property and rent it out long term.

Hey @Kayla Utley, you sure want a regular lease and do a background check just like you would do with any long term renter.Are they booking it through AirBNB or direct?

Reaching out from Sinistar, we’re a home-sharing platform dedicated to connecting property owners like you with displaced policyholders in need of mid to long term temporary housing.

I have had it an unusually long time due to anything that could go wrong did...bad weather, bad GC and back and forth getting the engineer plans through since it is a FEMA zone home.

Purchase price: $380,000 Cash invested: $60,000 This is a single family, brick home in SLC Utah, split entry with a big back yard.

Options include:Renovation Loan (FHA 203(k) or Fannie Mae HomeStyle) to cover both home purchase and ADU construction.HELOC or Cash-Out Refinance if you have equity in your home.Construction Loan specifically for building the ADU.This post does not create a CPA-Client relationship.