You're putting in 80k all in, and selling potentially for 115k after 4 months - I think you could find an area with better margin in my opinion. 

I just talked to this guy to potentially use for one of my rehabs. 

Ask to see the minutes of the Council meeting where their STR regulations and excise tax were discussed so you can see not only what the final outcome was, but also see the comments from the staff and council members so you can see if they were entirely in support, somewhat in support, or strongly divided.

Hi Olu, I haven't used it personally, but it looks like potentially a good option.

It is currently rented out to standard tenants but I am interested in potentially converting to a care home model.

Could also potentially get a 2nd behind the first at 2.99%.

The potential to both diversify broadly and own "hands-off" institutional real estate can be very powerful, and many of our investors have done just that. 

Potential ways to spread their tax burden over years as well. 

Unpermitted bedroom conversions would increase your potential liability and may hinder the resale in some ways.

Here's hoping for a positive outcome for you and your tenants.