I would suggest that you get with an attorney that represents real estate agents and run your plan by them.

An often overlooked option...call the CC company and ask them for a reduced interest rate payment plan.

I plan to rent out the basement but have a couple of questions as this is my first house/house hack:-Littleton rental law considerations (this might fall under JeffCo rather than city of Littleton, can't really tell)-Thoughts on best lease strategy for that area (STR/MTR/LTR)?

I offer a lot of development consulting since I have a background in Civil Engineering and Urban Planning.

Not too impressed with Panama City but the resort and the plans they have for this property were truly impressive.

My wife's even planning to camp out there for a couple of weeks to make sure things get done right as we are based out of NJ, so time's of the essence.

Let me show the numbers; please let me know if it makes sense:Property Original Value $10,000,000.00 Initial Finance $7,500,000.00 Investors Money (Downpayment) $2,500,000.00 Ipotetical foced Appretiation New Value $12,500,000.00 New Downpayment/Equity $3,125,000.00 Refinance Principal $9,375,000.00 Cash Out from Original Investment back to investors $1,875,000.00 There are some MF investors that hold the property with no plans to sell and keep doing refinancing, and this seems to be the model applied by Ken McElroy.

Do you plan on rehabbing it?

We planned on using this as a STR and were expecting 50% occupancy.  

To find the plan that best suits your financial condition and investing goals, investigate both private money and house flipping choices.