By leveraging platforms like Airbnb or VRBO, you can capitalize on the tourist market and potentially generate higher rental income compared to traditional long-term rentals.Speculative Value Growth: Hollywood has seen significant development and revitalization in recent years, with ongoing infrastructure improvements and new attractions.

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

Or saving $425,000/yr x 10 yrs.That doesn't include ongoing capex, PM etc. 

The appealing aspect here is the ongoing population growth and other economic factors.

With a grocery store within walking distance, easy access to the highway and train station, a nearby Home Depot, and ongoing renovations and new developments in the area, it felt like a no-brainer.

If you are worried that lender might close the HELOC, draw all the max and put half in a short term CD and other half in checking.HELOCS did get closed in the crash of 2008A standard full doc refinance should have $3000 of hard costs plus impounds which are not really a cost, just on going expense.

These cities are not only close to the airport but also benefit from ongoing development projects and a growing demand for rental accommodations.

There's still ongoing debate about legalizing basement/cellar apartments.Even without the pilot program, a full gut renovation and converting the cellar will incur significant costs.

Joe’s comment is how we grew our portfolio, and how we plan on “going wider” in the future.  

If the odor is not properly mitigated that will cause ongoing problems.