Sorry for the long post but wanted to include all details possible.

Please include this subject line " (your name/date/subject)" and I'll respond directly to it.

Last, you can do an unlimited amount of repairs to a home using a 203k renovation loan (up to the FHA loan limit), including knocking down the house and building a new home!

But that has its own issues as well including having to do a hybrid foreclosure/ejectment action. 

Strategies include offering owner financing, allowing trade-ins, or providing lease options.

For insider tips, check out blog posts by local favorite Bobby Vegas, who shares all the best spots, including the Rainbow Club and Emerald Island casinos.——————————————————————————————————🎄 Enchant Christmas Returns to Las Vegas!

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've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

It's based on the purchase price and will not include any improvements, reno, or increase in value since the purchase.

Do you have someone that manages it all including bookings and customer service or just specific parts like cleaning only?