So, I would go ahead and turn the garage into an "out of this world" experience, with arcade games and other game room items!

We had a great experience with the lender we used from a big bank since it was a jumbo loan, very knowledgeable and competitive.

I would think of this problem differently: I might encourage them to explore ADUs... this would give them an additional stream of income and would likely only require a relatively small chunk of money in their savings (relative to the total cost).If they could partner with someone that has experience building and/or flipping (to qualify for the construction loan), then cash them out with a 30-yr DSCR loan (and use that as the builder's profit), then they could rent the property and enjoy the cash-flow.

.: One thing to consider: partnership.You have time, knowledge, and experience, but not enough money.

Whatever you do, don't sell your properties because of your bookkeeping experience!

Let's harness our combined knowledge and experiences to propel each other toward success in this ever-evolving industry.I'm positively buzzing with anticipation as I embark on this adventure alongside all of you.

Does anyone have an experience in this area that could provide some insight?

Has anyone had any experience with Evolve Vacation Rental management? 

Is the area about to experience a lot of job growth and appreciation?  

I reached out to several lenders about financing this project for the cost and renovation, I was either met with they only go up to 6 units, or the building has to  be occupied,  or that I was too in experience and I needed to put a license builder on the note with me.