I would LOVE to develop this land myself and sell a house, I simply don't have the capital. 

That bedroom has access from the outside through a door built into the side of the house.

People told me the exact same thing when I was buying sf houses right after the bust. 

The house was a 5 bedroom 2 bath and now is a 4 bedroom 3 bath.

We have lived in this house for two years, and we are planning to start BRRRR investing with this house. 

Maybe the house doesn't show well and you need to put some money in to spruce it up and make it show well.

Purchase price: $575,0005 bed 3 bath house needed a rehab.

The best part about it is most of our houses can sleep 10+ and it collects everyone's info, not just the person who books. 

Hi Ian,The best way to get this done is to refinance into a hard money rehab/construction loan.Not sure how much equity you have in the house but the ratio would be as following.75-80% * (Value of home+Cost of build/rehab) = Total Loan AmountWe would payoff the initial note (+ closing costs if loan amount exceeds construction budget & payoff), the rest would be in an escrow account for you to draw from as you complete your project.I would love to connect and discuss further on the details of this scenario!

Look at similar houses sold in the last 6 months in same area.