High interest rates make the costs of the construction loans very high (~10% at a bank) and with mortgage rates so high, there is little buyers out there which could lead to long holding times.  

So for the most part on MF the idea of living for free was probably 10 years ago or more.

If you would ever like to discuss the local market feel free to reach out.

If you need help running numbers to determine the return of both options, or simply chat further feel free to reach out.

Airbnb connects me with new Hosts (or I get my own organic leads) and take them from "uploading pictures to their first booking".   

You have no idea what is under there or how they treated the top cap.Who would want to have a garden on top of lead and old batteries?

@Bruce Woodruff it's a free country, so you can do anything you want.On the other hand, many people jump to conclusions without all the facts and often don't process facts correctly.My manager's brother-in-law belongs to a very exclusive country club - they've host PGA events regularly.They approached our management company about potential rentals that their DOCUMENTED temporary H-1B visa workers could use - with multiple workers staying in the property for the  summer.We couldn't find an owner willing to agree to a short-term lease at an acceptable price.So, how accurate are your assumptions with the limited data posted?

@Samuel Metcalf- thanks   1) I would recomend getting a HELOC in place on your primary residence duplex  for  as much as  possible...this should be available for  free or a low  cost and the rate will be variable in the  8-11%  range ...prime rate +  margin of  1-3% ) ...the min payment is in interest only payment on outstanding balance   2)  use the heloc for the  remodeling  costs ...pay it down as  agressively as you can   3) on the  purchase of the investmenet  1 unit -  you are  allowed to put as little as 15%  of the price for your down payment ...the pricing you get for the loan will improve  as your down payment  grows so you might look at  75% /  80%  and  85%  ltv  options 

Please feel free to inbox me with contacts ThanksRicardo

Mostly just for directing leads.