setting this as a goal will give you lots of specific action items to do:-save up for down payment, closing costs, and reserves-talk to agents-talk to lenders-look at propertieshttps://www.biggerpockets.com/real-estate-investing/house-ha...

The architect can provide specifications for various interior and exterior finishes and materials.

@Axel MeierhoeferThe sec compliance with this will have your head spinning as you would need to make sure each investor had equitable time to use a property as you cannot provide a specific benefit to two investors if in the same share class.If things go wrong with this or an investor gets upset and sues the risk you would be taking and the cost for D&O insurance would be through the roof to keep you out of prison.

I invest there myself quite a bit (just bought another duplex last week) and do a ton outside my own portfolio as well.Definitely take the time to understand the market or interview several teams before working with anyone.I'm happy to shoot you some Detroit specific resources that would help a ton.

If there is enough equity at the 6 month mark you could do it then but there may not be much of a tangible benefit unless there is a PITI savings.If you are able to do some renovation in the first (6) months it might be possible to do it on the 6th month mark based on a higher renovation ARV.If you have any specific questions feel free to message me or reach out I am always happy to help and talk REI.

Send me a note if you want to chat in more detail or check out specific inventory. 

Fresno is surprisingly a great market for AirBnB, I know of several people that are doing AirBnb in Fresno specifically and having a lot of success.

Additional information: rZoning permit from 1/16/1956 with a variance granting this as a 3 family unitI have no building permit saying this allows this as a 3 familyI am asking for any advice specifically for Philadelphia, PA.

I kind of think of this specific scenario like a Short Sale.

Talk to agents in that area, lenders, and look at properties that fit your criteria.