Yes, I’ll check with regional building, but curious for additional thoughts here.

What kind of savings do you guys have in addition to the income savings each month? 

Your primary strategy should be to have the Contractor and all Subcontractors add you to their insurance policy as Additional Insured. 

Additionally, when a problem arises, those problems get addressed and all parties involved are updated.Being a property manager is a hands-on / high touch vertical.

Additionally if you find this post helpful please give it a vote on the right hand side of this post.

In addition, condos tend to not appreciate as fast in value compared to single-family or multi-family homes. 

Unless you're in a Class A Neighborhood like Palmer Woods, Indian Village, Sherwood, etc,. the additional rent probably won't support the cost to build:(More profitable to take the build funds and buy another property.DM us if you'd like to discuss more...

In hindsight I probably should have gotten an additional HVAC-specific inspection and tested the measurements for the actual washer/dryer space.

I rented out the additional bedrooms to friends and family, charging them well below market, and sold when it was time for my wife and I to start our own adventures.

The loan officer didn't care about the LLC, just said there would be additional papers to sign.