If your plans depend on selling this new, smaller rental for a profit that's a big risk.Now, if you can buy something that needs work, do the work and force some appreciation... that's a much smarter play. 

Then he can go as slow or fast as he wants based on that timeline.50% payment upfront is very generous with someone you don't know.

Now you just need to run this same play about 10 more times! 

I think the asking price may be more than if it was based on LTR since cash flow will be more with MTR/Airbnb.  

I am based in New Zealand, What is your question, @Sovandy Yin ?

Based on the property line, the existing structure is 10' over the setback line in the front. 

I'm based in Austin, TX and don't have anyone to refer folks to who might look in SLC or Park City. 

We are considering transferring it into our VA based LLC - of which we are all equal partners.

We are considering transferring it into our VA based LLC - of which we are all equal partners.

Based on what you said, getting yourself a survey will help tremendously, as others have said.