Simple answer is Investors have people like me and many others in BP to keep the books clean as possible, usually running some form of accounting tool/platform.

There success inspired me to look at RE as both a short term and long term investment.Turns out there are many successful investors in this area.

Again, if your $250k is true, and includes all the electrical upgrades, new plumbing runs, potentially new foundation pour (since I assume the existing garage slab is not capable of supporting a new two story house), I am guessing since I don't know the market, but assume you will have a lot of equity by completing the project.

Rental properties come in several flavors... short term, long term, etc.  

Just watch the 100 mile run with your income - it's probably going to wreak havoc on your DTI.

Real Estate investors are running a business.

If you haven't already, let me know if you want to look at any cash-out refi options for your short-term rental.

After reflecting on a strategy someone used to buy 15 short-term rentals off-market in just 12 months, I thought of an idea.

2) The minimum hours required are 750 hrs, but if running a short term rental, 100 hrs is supposed to be adequate, is that still true ?

It’s a risk because if it’s ever discovered, you could run into trouble with the local municipality, especially if you ever want to sell or refinance the property down the line.That said, since the attic has been functioning as a bedroom for a while without issue, it seems like the risk of immediate fallout is relatively low.