I'd also be renovating the bathrooms as they are quite outdated.The layout allows for this conversion, and I'm thinking 2500sqft/3br/3ba/2car has a significantly higher ARV than 2200sqft/2br/3ba/3car.

For the extra nice touch, I usually get a pint of extra stain/paint- this allows me to blend in moldings and strips for those oddly shaped kitchens that are a half inch short here, half in tall there...

Smart idea to try to connect and build a team to learn from/work with. 

I am looking for away to get a line of credit that would allow me to lock in more deals.

This may inherently allow an allowable offset of PAL, when ordinarily the cost seg depreciation would be subject to some possible suspensions.

Research areas that allow this.

Hey Sean,As I'm sure you've gathered, a Rockstar GC can be one of the most valuable, and equally, one of the most difficult members of your team to find when you're getting started.

In this scenario, you are lending money to yourself as an individual, it allows you to make regular mortgage payments to yourself rather than paying the P+I to a bank or other lender.The first step is to qualify for a Non-Arm’s Length Mortgage with a financial institution. 

If you want out early, we can allow you to leave early at no penalty.

Sounds like you (or prior owners) failed to mitigate damage by allowing this to occur over a long period of time.