My husband and I will be taking my in-laws into our home due to health issues.

Particularly in Philadelphia where there’s a ton of red tape to navigate and construction costs are disproportionately high relative to other markets.Ten years ago I could walk into a district L&I office, complete a two page application and pick up a building permit without plans for a single family renovation the next day.

Does anyone have any basic or in depth tips or things that will give me progress in the early stages of me working this out.

Not only that but you are going to carry a Heloc in a 2nd lien position and you will not be able to pull out more cash unless you do a cash out refinance to pay off the previous Heloc and take out more cash.85% of the home owners who take out a Heloc refinance in 3-5 years so it makes more sense to simply do a COR and avoid the future closing costs.

@Mark Sinclair in general, we recommend S/F pool homes, or town homes with pools over condos.

My family and I are contemplating building a 2nd home on Beach Lake or Sunset Lake in particular (5 minutes from Castle Rock Lake) and utilizing it as an STR the rest of the year when not there. 

Each property has a home warranty so repairs typically just require a call to the home warranty company who then organizes the logistics of setting up a handyman from their network.

I am trying to get some sustainable builders established in a "spec home" subdivision.

The debt: 7.10% rate FIXED for 10 years, 2 years interest only, 25 year AM.Thank you to all of our TEAM at The Stephan Group who will be involved to make this deal a HOME RUN play.

This would only be the 2nd tenant I've had at my first rental property, which was my family's previous home, and I really, so I really don't want to put myself at risk of having to go through legal hurdles if there's issues with her, so I'm strongly considering looking for a new tenant.