It’s not like they do Improvements to your property, with proper authorization.  

In my opinion, when Airbnb releases these sort of processes, they do it mainly as a checkmark to indicate that they are doing something -- even if it doesn't carry any real weight behind it.I think there is value in it and it will get a number of hosts to follow these rules.

We'd obviously want to weight our continued  401k contributions to the one account the distribution was taken out to cover the total repayment dollar amount. 

If I go through the city and get a proper one, I'm told that they may not give it on a smaller lot like mine (I will investigate) and also I may be opening a can of worms since the GH was built here decades ago.

Furthermore, the advice about what I should do even if it doesn't meet the 1% rule took a lot of weight off my shoulders. average rent from the last three comps comp 1: 2/1  rent: 950comp 2: 2/1 rent: 992comp 3: 1/1 rent :1,025In response to curiosity.- The reasoning behind converting it to a 2/2 came about when I walked the home. being that the home doesn't have a large floor plan the third bedroom ate up a lot of space.

My biggest question is how do you typically get a sense of the ARV for BRRRR when predicting how much all-in to calculate the proper LTV?

I don’t have anything lined up but I was planning on trying to obtain a construction job for the time being for again the income but most importantly the knowledge of how to do most jobs properly.

I had my contractor paint them (inside and out) with a higher quality enamel cabinet paint after proper sanding and other prep.

As far as money and structures goes,  look at strategies using Options, Master leases,and Subject to purchases which can all be used will little cash if done properly.  

Even if the return is a lower, having someone you can trust is worth its weight in gold.