I'm a software developer and very good with a spreadsheet and all, but I'm wondering if I could secure an experienced lender who not only can lend, but also provide advice on a deal like this from having financed similar situations before.Pointers to financial calculators for such an endevour and hotel/motel renovation-style lenders & contacts appreciated.Thanks,Matthew

I had heard as you described about if in same vicinity, if the homes were significantly different life styles that you could get 2nd home loan.I live in inland north county San Diego (Poway) and wanted a 2nd home loan for a San Diego beach property (mission Beach).

& to answer the rest of your Q, some things that will noticeably affect your revenue:- making the place instagrammable, multiple areas/corners that make for awesome photos- heavily investing in professional design/decore- UNIQUE STAYS!!

Hi Ashton, I've been doing BRRRR style deals in the Midwest for the last few years (Memphis and Detroit).

Everyone has their own style of investing in RE as you see there are many different answers that were given.

The bathrooms show better when the prospective tenants can see the full tile surround and they can get their own tension style curtain rod and curtain.

...if the vacancies are frequent or extended, it can be a big expense, so I analyze this thoroughly.As for house-hacking specific costs, there are things like furniture/appliances/decor for the common areas of the house, costs of screening applicants (like background checks), cost to advertise, the time and effort required to manage a house hack, etc.  ...although these expenses are worth consideration, they tend to be much smaller and almost inconsequential compared to the big capex expenses that can come with buying the wrong property (e.g.; you might spend a couple hundred bucks on tenant screening, but a new roof might cost $20k+).Back when I was house hacking regularly, one of the most significant "costs" was the cost of my time and effort to acquire tenants (which includes all the time and effort of posting ads, responding to inquiries, answering questions, doing viewings, screening applicants, managing tenants once they were in-place, etc.).

Purchase price: $263,000 Cash invested: $10,000 3 Bedroom, 2.5 bath villa style home.

Not sufficient to build a dorm style house, but he had to add a very large ADU (the ADU looks much nicer than the primary dwelling). 

I use my friend who interior decorates.