The thing with daybreak is you cannot make it a rental until you've lived there for a year They have restrictions that are enforced in their HOA for rentals and I don't think they actually allow short-term rentals but I could be wrong.

Unfortunately, a cash out refinance was not an option due to the restrictions on the program we used to buy the house.

Borrowing has lots of restrictions, tax considerations, and not great terms, but still worth it for the right deal.I'm interested to know more about your flipping.

Better to leave some equity and do the above added units, then sell, be restricted by a 1031 timeline, and also deal with unknown areas in lesser out of states areas.

The House is on the edge of a neighborhood with no formal HOA but it does have deed restrictions..."

You’d have to check the deed restrictions and Individual condo association rules.

Guess the pandemic situation have led to many restrictions from lenders.The whole theory about BRRRR depends on this LTV value.

There's an attorney in Orlando who has a great website devoted to this exact topic that is a must-read: https://www.richardhornsby.com/crimes/regulatory/u...It states: "In Florida, it is unlawful to engage in the following real estate related activities for compensation without possessing a real estate broker's license or sales associate license.Advertising or marketing another person's timeshare or property for compensation.Auctioning or attempting to auction another person's property for compensation.Buying or attempting to buy real estate on behalf of another person for compensation.Listing another person's timeshare or property for compensation.Operating as a real estate broker or sales associate without a license.Renting, leasing, or attempting to rent or lease real estate on behalf of another person for compensation...The crime of Unlicensed Practice of Real Estate is a Third Degree Felony and assigned a Level 1 offense severity ranking under Florida’s Criminal Punishment Code.If convicted of Unlicensed Practice of Real Estate in Florida, a judge can impose any combination of the following penalties:Up to five (5) years in prison.Up to five (5) years of probation.Up to $5,000 in fines."

They of course have procedures in place for safety and will be restricting the number of people who can enter at one time. 

@Rodneisha WhiteMills and factories are running less labor due to Covid restrictions so we’re seeing material cost increases and or material shortages.