This is an alternative approach for newly constructed buildings.RESIDUAL ESTIMATION APPROACHThis approach determines the cost of short-lived assets, such as 5 or 7 year property and subtracts them from the total project cost.

But in short, you have a few options:For the Primary - If this is a free and clear you can always do a cashout refi up to 80ltv.

And if your investor friend’s private loan helps fill in any gaps, it might be worth considering that short-term pain for long-term stability.What do you think you’d focus on first... paying off that line of credit as fast as possible or jumpstarting the renovation to boost cash flow right away? 

Look at it if you want, but if that is all you look at, you are short changing yourself.

My interests includes but is not limited to co-listing Airbnb, short term, medium term or long term rental properties just to include a few.

By focusing on incremental growth over decades, it mitigates short-term volatility while building a foundation for sustained impact.How This Model WorksLeveraging Time = MoneyTime is the ultimate hedge against risk.

@Jeremy H.since NNN leases are Signed with management companies that manage short term vacation rentals, there is a direct relationship.

Just go on fiverr and hire an interior designer in Romania for $10https://www.biggerpockets.com/forums/530-short-term-and-vaca...

But the short answer is this:   You're on the right path. 

I have some short term rentals located in College Station, Bryan Tx home of Texas A&M.