It’s crucial to ensure that you’re compliant with local zoning laws and HOA regulations related to vacation rentals, as these can affect your ability to rent the property.Overall, while it can work well, especially if you're looking for income from rentals, make sure to have a clear understanding of the financing rules, potential restrictions, and the financial risks involved.

Hi All, Not sure I'm posting in the right place but it says this is the Rental Property Management Forum, but it's about the business end.I'm looking for some guidance from other PMs who have created a profit sharing bonus program with their staff.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Without plans and layout it is tough to say for sure! 

But if you really wanted to, you could substantially overfund your collateral in case of a quick drop in price or wait until you're sure we've hit bottom. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Total profit less closing costs and commissions will be about 42,500 each or 85k total.I would for sure get a construction loan, may be worth approaching 2 or 3 different banks and getting separate construction loans from different banks. 

Make sure that is tight.

Not sure what rent they were willing to pay and what options are in your area but I would likely want to keep the STR going to and have them rent a nice LTR nearby to you.

He makes sure you have every resource possible.