My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?

I’m now looking at another area that’s 3 hours away in the same direction and catching up on some posts about some general str rules of thumb.

The city screwed up and liened Direct Charges on the common area which has an assessed value placeholder of $1. 

Cleveland investors often aim for COC returns of 8–12%, so you’re in the right range.Net Cash Flow: $277/month is positive and provides a buffer for unexpected expenses.

We can only reside within the five boroughs, Suffolk county,Nassau county, westchester county, Orange County, Putnam county, Rockland county and pretty much any other county that is directly outside the five boroughs within NY.

I might suggest going directly to one of these guys. 

This was probably a year ago, but Before going onto their website I even called and spoke to a worker at that office who directed me to the category where I would find them… the category was filled of all kinds of irrelevant documents, thousands of them.

I’ve worked with ALE before and actually market my inventory to them directly via different marketing techniques.

@Jeff Hines - go with a direct lender and spread that $150K over multiple properties. 

Hi Daniel,I would like to learn more about this method and connect with other investors if you could point me in the right direction.