@Mike Harding  PM sent of who NOT to use.Hot tubs are a big draw in the area.I would consider adding additional sleeping space over a bathroom depending what your target audience is?

I usually encourage people to at least have an attorney draw up their first LLC so they understand the language and can be taught how to keep it compliant.2.

I have an attorney that can draw up all the documents but I am a little worried about the in-between details, such as costs associated with a title company, what all steps need to be taken before it transfers ownership, that sort of thing.I have purchased my first home as a primary residence, but this would be my first acquisition as an investment property.Thanks in advance!

Get a lawyer to draw up the contract is how it works in MA.

Can you let me know the best HELOC rates that you found in NJ, credit union or bank. information like LTV, draw period, no annual fees, 1st or 2nd lien, does it offer checks, direct deposit, $0 appraisal etc are helpful.also, are you using it for mortgage payoff accleration.

Pay him in draws once a month.

The title company will draw up the docs.

The bank will not give the final draw till the work is finished and the job has literally hit a wall with no work being done.

I don't recommend trying to circumvent any FHA underwriting rules, but if you can get creative with financing while making your initial or subsequent primary residence house hacking investments work for you, more power to you!

And with proper recorded notice you can go to court and have subsequent deed voided.