We have questions and we appreciate any insight:- Does anyone have any advice on how to structure and manage this deal and secure financing?

Does anyone have experience with this?

Lien waivers are also helpful tools and always require them as you advance through stages of the project.

Right now I am considering doing a cash our refinance on both to access the equity.  

This could be fine if it's a part-time STR. 

I’m concerned this could come back to bite me so to speak.

the first property I purchased was in Cleveland back in 2005 a single family that I purchased for  22k cash and i rehabbed it after work and on weekends this property was in the hood I put 12k in it put a tenant in and sold it for 79k to investor who an real estate agent referred me. 

@Alfredo CardenasA cost segregation may or may not help you.

So someone who is looking purely to maximize potential return (and has unlimited time) is unlikely to find this a good fit.

Hello, I’m have plans to remodel the basement in my house and rent it out. but before making any major renovations, I thought it would be a good idea to ask in here if anyone in the Cobb county area in GA has done this before?