The information contained in this post is not to be relied upon.

If you rely on your personal income to pay back the HELOC, you will have a hard time expanding your real estate empire.

The labor and materials cost varies widely in different markets.

Be prepared.Even if your personal home is only mildly impacted, but your community who relies on tourism has a BIG impact, understand that this will take months or years to recover from and some communities will not recover.

In market persons are far less apt to "over pay' than out state relocating persons who have to rely on trust that a purchase price is "fair". 

If the amenities make the fees worth it, then it may not be a bad deal.I didn't research the types of guests, but I relied on AirDna/Rabbu data for gross income from similar properties.

Hi Grayson, with you mentioning conventional 5% down and FHA 3.5% down, it sounds like you are referring to a primary residence.Private Lending/Hard Money Lending is usually on investment property (We can do primaries but it is highly regulated & varies state to state so most refrain from it.)If you are looking to get into a flip, long term loan, whatever it may be.If you have no experience & a solid fico, rule of thumb is 20% down.Hope that helped :)

In fact, the best and most qualified customers are the ones who are most bankable and are likely relying on construction loans that draw in arrears. 

Many owners are also absentee and rely on PM companies to book their properties and cleaners. 

The information contained in this post is not to be relied upon.