All,It is my understanding that I can not use a 10% second home loan and put it in an LLC to reap the tax benefits if I STR the property most of the time.

It can take a year or more to complete an ADU.

That said, just like with contractors, you absolutely can get very different prices for the same job.

I would generally try to avoid insurance claims if you can because insurance is getting out of control nationwide, and we are seeing in FL, TX and CA that claims can follow the house and/or you and make it very difficult to sell the home in the future.Within the mortgage expense category you have 4 separate charges: principal, interest, property taxes, insurance (if you escrow taxes and insurance which 95% of our clients do). 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

We love putting cash in our pocket and paying little or no tax.On the other hand, you can create situations in your business where you generate positive net income that does not result in cashflow.  

@Michael PaywalaI am a multifamily investor located in Greenville SC.Always looking to buy more apartments.Maybe we can meet up when you are in Greenville sometime.Arn

I can give you a Quit Claim deed to the Brooklyn Bridge if you wish to pay me for that!

But yes, it can be done.

If we can cut that timeline down by a couple of years that would be preferrable...