I'd need to do a master suite addition to be certain of exit values around $500k but the home previously had a swimming pool and it was where the addition would be.

Purchase price: $110,000 Cash invested: $165,000 House Hacked single family home, live in an primary residence.Appraised at more than double the purchase price.Cash out Refi done after renovations completed to reinvest in another property.Property is a Cape style house, 2 car garage, mudroom and 3 bedroom, 2 bathroom.

The additional 14 people were not accounted for in the booking. 

Help them to decide whether to knock property down and rebuild and hold OR just do some additions completely gut and remodel and sell. 

If you decide to pass through, just make sure those additional net profits don’t move you into the next tax bracket.

You'll be a great addition to the forums with your experience!

@Daniel Caraway a lot of times properties like that are grandfathered under existing zoning unless, it was an addition done without a permit or it's been vacant for a specified period of time.There are fairly explicit rules at the county level that govern zoning.

It is always best to get these questions answered before the loan is signed to avoid additional costs down the road.

While I have extreme fears about providing income, her fears are on the risks of having additional liabilities.

Sounds like you're going to be a great addition to the forums from Day 1 with your experience!