Note: I am under the impression that me material participating in this exercise will fall under the "Real Property Development or Redevelopment" activity, thereby allowing me to cost segregate the home construction cost.

I am involved in my first large deal with a silent partner. 

I utilized an assumable loan (all VA and FHA loans are assumable by law) for my most recent home purchase and am hoping to do this again for my next one! 

@Shalini Dawar I am not sure the specifics for NJ but typically you do not need a license to manage properties you own.   

:-) I am not hating on Houston, by all means I am fully supportive of tourism and STRs selfishly.

I am a local homebuyer in New Jersey but is also interested to buy properties outside like New York.

That is one of the reasons I am a Pro member.

I am currently setting up and planning on scaling a property management business focused on serving industrial owners in the London/St.

This update is crucial to ensure lenders recognize the increased value of my property, especially since I have equity in the home and am looking to refinance at an opportune time.Is it necessary to hire a licensed general contractor for this type of project?

I am selling with a discounted broker, however, I think even if I were to sell with a higher-end real estate agent, there doesn't seem to be a ton of demand for showings.