We've seen numerous instances where borrowers were attracted by low rates, only to discover that their low-rate lender could not move quickly enough to meet the close date...

Such draconian changes to the attractiveness of owning investment property would reduce the availability and increase the prices of rentals without generating significant tax revenue.

The tenant provides proof of hardship and they designates one of these options:1.

It's market dependent, and it also depends on the type of guest your property will attract. 

It took us a few years to collect the money for the construction, and for the design and plans.  

It took us a few years to collect the money for the construction, and for the design and plans.

Having the game plan ready before selling helps ease the stress on what to designate on if you have the clock ticking.Also, I'm curious if you've had the property for awhile and was it your primary residence for awhile? 

It cash flows positively.Operationally, What makes it most attractive is that because it’s a condo building- the building has their own management and maintenance staff and association rules.

As the 2nd home loan is designed for you to use it at least 14 days a year.

I know a few builders & designers that I could contact.I'm not sure if I should tender out the build and hand the entire thing over or get a JV partner or a few partners.