I agree with John, we are seeing renovation costs of $150k- $200k for a basement unit and $250k + for a coach house. 

How about the increased home insurance cost for a landlord policy?

Additionally, the cost to create a business here is not as inexpensive as the United States, in some cases it can cost thousands of dollars to setup. 

Reach out to Lisa Loesel at Short & Suite Management here in Milwaukee. 

Also, you can't know how the cost of materials could fluctuate over your project time, so consider purchasing any materials upfront so you can stick to your budget. 

An undersized septic system may lead to compliance issues, maintenance problems, and costly upgrades.

For example, could I use my SDIRA to operate a management company that charges my holding LLCs a management fee?

Negotiating favorable terms like a low interest rate or interest-only payments for the first few years could help manage cash flow until renovations are complete.

Your net gain is your net sale, minus your adjust cost basis.

-Transfer the property into an LLC – This may allow me to take ownership while potentially avoiding property tax reassessment, however this sounds like an involved process-Establish a living trust for my aunt and mother – The trust would specify that I inherit the property upon their passing and provide step up in cost basis but i'm worried that the living trust can be modified to have me removed (who knows what can happen) - My mother is somewhat volatile.I would like to live in the property and my mother will live in her second property with her husband.