Make sure you vet multiple property management companies, be careful, understand their fee structure, how they do reporting, etc.    

@Andrew Postell This is great - this and your post on how to structure a cash out refi answer my question perfectly.

Just an LLC to start a bouncy house rental business first since I don’t have funding right now to start real estate projects such as a frame alternative structures.

Then I'd structure a mortgage accordingly to get it approved successfully. 

Upon the initial walkthrough, we identified major structural damage throughout the property.

Upon the initial walkthrough, we identified major structural damage throughout the property.

However, I just got the Charleston County's assessment letter and it shows that the main house is taxed at the 4% and the ADU on the property is taxed at 6%, with the entire value of the home being split between the two structures. 

There was a small apartment built separate from the main house, HOA rule indicates only 1 structure, and the HOA is asking my how I plan to correct this.

But the issue is the second you get the city involved and pull permits, you typically won't be able to reuse the existing structure.

cypto tangent aside you can give sense of "equity" by selling on terms with principal and interest paydown or structure a LO that helps them build a better LTV.