Due to the rate and my love of the location, this property is a long-term hold for me as I could see my family using it in retirement.My initial thoughts are either a HELOC of Home Equity Loan.

It seems to be quick (1-2 years) profit but it's also a big initial investment. 

Consider that having a tenant 20 feet from your bedroom could be challenging for your quality of life—screen tenants extremely carefully and establish clear boundaries from day one.LLC and Legal Structure: For your first house hack where you're living on-site, keep it simple and do NOT set up an LLC initially (CHECK YOUR LEGAL REPRESENTATIVE, AS THIS IS NOT LEGAL ADVICE). 

Do you have an initial term sheet you can compare with a final hud or CD?

And as far as my buyback goes, this fit the criteria that I was looking for not to mention being able to add in a piece of vacant land to potentially build on or sell to recoup Some of my initial investment.

I am eager to start but can't get around the glaring issue of not having initial capital so I was wondering if there are any methods you guys would use to raise capital if you were in my shoes or is it just time to put my head down and put in long hours?

aka, like repeating 1031's, but without having to do the 1031.Recently I've started to think this might be misguided, and that the internal gains might come due Dec 31, 2026, along with the initial 85-90 deferred gain/investment because we didn't incorporate the 1031 aspect (and couldn't have because of installment sales, reinvest window etc). 

Hey BP Community,The City of Charlotte just rolled out a new initiative — the Queen City ADU Program — that could be a game-changer for local housing and for investors keeping an eye on this market.Quick highlights:🏡 Up to $80,000 in forgivable, interest-free financing to build an ADU (detached or attached).👨‍👩‍👧‍👦 Eligible for both owner-occupants and non-occupant property owners within city limits.📏 ADU must be no more than 50% of the main home (capped at ~1,000 sq. ft. for detached units).💰 Affordability strings attached: must be rented to tenants at or below 80% AMI, with rent caps tied to FMR at 70% AMI.📉 Loan forgiveness at $10K per year of affordability (8 years total), or up to $15K/year if you house voucher holders or tenants referred by city housing partners.🔑 Only one ADU per lot allowed.Why it matters:Charlotte is under major housing pressure, and this is a way the city is incentivizing “gentle density” without rezoning entire neighborhoods.For investors, it creates a structured pathway to add a unit with city support — though the affordability requirements and rent caps may limit cash flow potential compared to market-rate rentals.On the flip side, the forgiveness structure (essentially free capital if you comply) could offset the reduced rental income.My take: This could work best for buy-and-hold investors who don’t mind playing in the affordable space and are looking for long-term, low-cost additions to their portfolio.

equity is wealth.and one thing to note is that long term rentals will not provide income initially.  

Does it still make sense financially if you’re only renting out part of the property initially?