Even if the owner seems like a really nice person, they will micromanage the builder and not like the specs of the house the builder needs to do, and/or the timing in which the builder gets it done, etc. 

Very likely no (how do you think this would benefit him?)

Hi Justin - It sounds like your Airbnb is performing really well, especially considering your initial intent for the property.

I also have no interest in being in the car wash business, or the laundry business, or the AirBnB business, things like that which seem to appeal to a good number of people, but not me.I like to KISS, and just focus on market rate rentals, 12 to 18 month leases.

Working with the family friend who knew very little about investing set us back a bunch but once we connected with like minded people and discovered house hacking we were put on the fast track.  

So if the house is worth 300k and you owe 200k then most you could pull out would be 40k (minus costs) and it would be a second mortgage most likely which would be expensive. 7.5-9.5% likely.But, you can put as little as 15% down for a conventional loan on a single family.

Some other "adventures" I am looking at - the existing tenant is section 8 and the current property management company likely will not continue management. 

Looks like there is a trimester discount of $650 off if you're serious.

Also to network and learn from like minded people.

Almost like being paid to live there.