My two favorite loan options for getting started are the FHA 203k or the Fannie May Home Style. 

I Hope with this new perspective perhaps some new options have opened up for you! 

I have a couple of funding options on the table and I’d love to hear your thoughts:Funding Approach: I have capital partners who are willing to fund 100% of the project in exchange for 50% of the profits.

Given their age and position in life… mailbox money flow forever sounds like a good start to retirement to me!

Obviously the numbers and location would determine which is the best option for me but these would be my preferred methods. 

I agree with most—if you're local and familiar with the property's history, self-managing could be a great option!

Offer a great first-stay experience with thoughtful touches like welcome gifts and clear communication to earn those initial positive reviews.For Big Bear’s rules, stay on top of local ordinances—maybe even connect with other hosts for advice.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

It’s definitely smart to evaluate the tax and cost implications of your funding options.