Look into KBKG for cost seg, they also have an online calculator, but a full manual study is far better.

If you’re looking for suppliers for less expensive materials then you’re better off with a local reliable contractor.

Conventional is going to be cheaper and a better way to go if they can and we refer them to lenders that we know can get them closed.  

However, I will be curious to hear if any of you believe that’s a better idea than the below strategy.I say all of the above to say this.

Would it be better to keep the current structure under a living trust or pursue the LLC route? 

You may find buying what might appear to be a lesser cash on cash return rental asset that's held long enough to take advantage of more efficient long term capital gains tax treatment, while paired with the benefits of the depreciation might yield a better after tax return than flipping a home.

In our market, it's better to pay 30% down to secure a loan.

If you can BRRRR rent-by-the-room properties, even better.

It's on the fringe in a C area in Milwaukee, I did a Airbnb conversion at a similar building and area and it performed WAY better than I expected. 

So, we are considering whether it would be better to forge ahead with building a home as soon as possible on this piece of property we already own, and then either selling it immediately after construction or living in it for 2 years and then selling.