I also invest and manage properties in the Madison area, feel free to reach out if you need anything! 

Hello, Lee Israelsen, when you build a house and include a basement apartment that you plan to rent out, you may be able to write off a portion of the expenses associated with the construction and ongoing maintenance of the rental unit.

I was looking to payoff the underlying loan of $156K, and add construction hold-back of $250K. 

@MariaTeo with the new changes coming in Aug from the NAR lawsuits you should ask your managing broker how your state is outlining this.

Anyway, these two are in different states and are handled by property management companies. 

I did manage hotels for ~7 years, and have some experience with Airbnb currently.We are unable to place the new building into an LLC due to the mortgage conditions, so we are instead going to put it in a trust.

I think the property management company that manages my property is up to no good.

Our efficient project management ensured the renovations were completed on time and within budget.

You should get legal or at least property manager advice so if something bad happens it will not be a colossal problem.The zoning of CN-P includes live work and some commercial uses.

I can tell you that we have extremely low inventory and a limited appetite from our local government to construction significantly more.