We hit the year mark in February so I have already marketed the property and am generating interest to support this assumption.

Would hiring a  lawyer be cost efficient for something like this? 

For the last year I have been listening to all things BP'S, read a ton of books and even completed my first deal but I want to learn even more and feel like I've hit a plateau.

I missed my opportunity for reinvestment of funds using 1031X (couldn't find a suitable property) and now I'm facing a $60k hit for the sale.

If anybody from here is located in Prague, please feel free to hit me up, I would be interested to talk to you and your experience. 

I comped houses with similar square feet and found theres enough sq feet for 2 additional bedrooms, potentially hitting the 352k range. owned the property for a little over a year, with a 50k downpayment. original loan = 333kfinanced = 281kcurrent value = 340k (according to his loan officer)Ive ran it through the usual 70-80% formulas but wanted some extra opinions/ weigh ins before i send him my offer. of course i dont want to insult him, being family and all, but he understands the convenience factor im providing.

I do feel my current vacant unit would be a good candidate for AirBNB as it is a small efficiency, but I don’t know how desirable the Hamilton area of Baltimore would be and the mechanics behind setting it all up.

@Steven EitreimYou hit it on the head. 

But most people start hitting DTI limitations around 5 or 6.

@Robert Soto @Nick RutkowskiWhat Robert said is 100% but it is also worth stating that there are many contractors who completely understand this and will use it towards their advantage.Plane and simple is the "bid low to get the job and then hit them with extras " strategy.