Definitely value add opportunities in that area for single family and small multi family investments that hit at least the 1% rule.

I see a lot of talk about airbnb on this forum so wanted to share some real life numbers (this is a clients not my personal) I have removed the address per forum rules. 

On the podcasts, the term refinance is used frequently but I am not sure how it applies to this situation.

It doesn't even pass the 1% rule, which is unusual for Plymouth. 

However, if there any problems with any future work based on these plans that require legal action and if a court rules against the engineer, the above term would remove any liability of his to pay my legal costs.

Again, first rule of BP.

I’m wondering if I should take over and rent out the rooms, while utilizing the available equity to apply the BRRR method.

Does the property meet the 1% rule regarding purchase price to monthly income.  

My philosophy is to use the 2% rule as a starting place to analyze the deal: the rent divided by 2% is the max I will pay "all in" (purchase, closing, rehab)  Example:  Rent $1000 / 2% = $50,000. 

Is there any way around two year employment or do I have to keep the same job for two years and then apply for the loan?