A CPA familiar with local STR regulations can definitely help make sure you’re set up correctly!

Make it a destination stay for sure!

I think you'll be over that for sure.

Part of the investment thesis was getting it for a bargain, then building an ADU complex on it as affordably as possible, getting it to cash flow, and realizing value on both the rental income but also property appreciation given the work going into it.If the property will really only be worth ~$1.70M once we are finished, I will likely just stop the project now and exit the house as soon as possible.If you do not get dollar for dollar for projects such as this, how would house flipping ever work?

@Duane WilliamsMost lenders have some exposure limit for sure, but only 1 is a bit dramatic. 

Maybe not at these exact terms but similar for sure.

Not sure how common or widespread that is, but it has happened.   

Don't rely entirely on revenue numbers from 2022 but instead make sure to look at STR numbers in 2019 and previous to get a more conservative revenue estimate to expect.

And not sure what the boyfriend plans on doing.

In terms of other factors, I'm not sure there's a lot because I did have some people express interest in filling out an application before, and I actually got really close with one potential tenant, but it was because of the alcohol policy that he ultimately decided to back out.