I would say that the closing costs savings are generally pretty light (if even existing on these) - its not super logical, but often worth the hassle to do as individual loans

Thank you, the mortgage definitely was recorded before the lien.

I am a sound professional who has built several recording studios and a sound wall between 2 tenants on a house hack I have most contractors have no clue how to do this correctly and definitely not any drywall contractors I have ever heard of. 

The commission isn't even worth showing clients around normally and its just as easy to rent by using other sites. 

Worth every penny especially if you manage several listings.

Once your cash flow needs are met, you start to think more about your net worth, the headaches comming from tenants etc - the focus is to optimize for more long term revenue and less work.

After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.

I haven’t really dug into how big this market is, but if there are enough people in a similar place as we were, it may be worth me investing a little more to commercialize the platform and license it to others.I’m not really interested in making that effort if there are some good solutions already out there, but if this is a neglected market, I’ll do it.

Wanted to see what my best options are in this situation:I want to borrow 200-250K as a NRA(non resident alien) with no credit history, to invest in a syndication deal.I have a rental property that’s owned free and clear worth around 750-800K so in case of a cash out refi my LTV would remain low.It would be a short term loan: 2.5 to 3 years at most before I pay it back. 

Thank you so much @Federico Gutierrez- I have sent out a LOT of emails today and am hoping that someone will decide I’m worth their time.