Quote from @Premraj Jeyaprakash: I'm exploring potential opportunities in short-term rentals (STR) in West Virginia, with a particular focus on glamping.

To determine price range, the first step is always figuring our how much you are pre-approved for; and that can vary significantly when you are looking at multi-unit properties because of the additional variable of rental income that can be included in qualifying.

While I can contribute some capital and sweat equity, I’ll need a partner to bring in additional funds to close the deal.Here’s where I could really use your advice:1.

The way I can imagine is perhaps putting up additional cinder blocks but that sounds expensive.

In addition, they are bearing the risk of you backing out of the deal and them being stuck with vacant units not bringing in rent. 4.

Another option would be working with private lenders to see if they're open to your idea should you need additional funding. 

I'm exploring this very seriously right now and will likely do it. 

If you stick with the larger down payments, you’ll have more stability and less risk, especially if the market shifts, but it will slow down how quickly you can buy additional properties.

In addition, yes there are property managers but very few want to manage my B or C class property for an extended period of time in the fashion I would if I was managing it or that a really good sponsor would.

Additionally, most of the costs to make an asset ready for it's intended business use are capitalized and part of the cost of the asset.