Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

Hi,I'm based in London (UK) and excited to start my learning journey.I'mwondering if there are any London meetups or Zooms that I couldparticipate in?

It sounds like you have spoken with an architect but it's not really clear to me what you believe you can build or renovate by right based on the current zoning and existing structure.  

.#3 At this point I would have a good lender or two in your pocket that have run different options for you based on what you qualify for loan wise. 

I’ve spoken to other investors in the area and I am aware of the average nightly prices for similar rentals based on the seasons.

Based on my calculations, this would lead to cashflows around $700 per month.I am now looking more into FHA loans and wondering if that would be a better idea since I can only use this on my first property.

I'm paying about the same to live in my house as I was splitting a 1-bedroom apartment with a roommate, but now I'm seeing that appreciation, sweat equity, and tax benefits you touched on.I love reading comments and posts like yours to give me a refresher on why I got into a house hack in the first place.

It's an asset based loan so most all the requirements will be dependent on the rent covering the debt so if you have cash but no stream of income it'll be the way to go.

We didn't touch the basement.

Make a decision based on the numbers.