Thanks  It depends on the new value at the time of the refinance and the seasoning period.

"parking" the funds should avoid the lockup period. 

A couple of facts: a) Not planning to sell it anytime before 5 or 10 yearsb) Planning to refinance it next year or so, after the renovations are overc) Planning to use the unit with backyard as short term rental- General contractor gave me a very high number.

Underestimating the Importance of AI and AutomationAutomation technology is a game-changer in the short-term rental industry.

For instance, while it can bolster initial cash flow by reducing tax liability, it could diminish deductions in subsequent years (when the property might produce better cashflow), impacting overall tax footprint, so you need to take into account all that in the context of your short term and long term tax strategy (e.g. if you plan on selling soon, at which time the depreciation gets recovered, or not and planning to hold for a long term/forever/1031, buying more later and creating more depreciation to offset cashflow or not, etc.).The alternative is a do-it-yourself (DIY) or survey option, which costs around $400 to $500 per property (I can do my CSS report in 10min, once I have all the data needed).

The note is assigned to him during the partial period.

BP has tons of STR resources, STR bootcamp and BP book written by Avery Carl - Short Term Rental Long Term Wealth, just to name a few. 

Either do it while they are on vacation, or have them relocate for the short term.

My thought is since I would find a single family home into a duplex that has had a very short, or possibly no rental history it could cause trouble at appraisal since NOI would be difficult show.

We didn't have a big enough list and fell short of our raise which killed the deal.