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?

“Diana, exploring Destin and the 30A area is an exciting venture—it’s such a dynamic market for STRs!

My publishing business is now running smoothly and transitioning into profitability, so I’m turning my focus toward my next venture: multifamily real estate.

Understand that they are doing this to make a profit, so it will be more expensive than coordinating maintenance yourself.It may be a decent program for a DIY owner that wants to just outsource maintenance, but you will have the same maintenance issues with this company that you would with a PMC:1) Higher costs2) Admins answering the phones & assigning work, that just know the basics about maintenance.

Also a good opportunity to learn some DIY maintenance and make some contractor contacts,etc.  

If you have a RE attorney and mortgage broker then I am assuming you are using some type of joint venture or participation agreement to outline who gets paid what and who is in what position as you tranche the loan.

Thankyou @Paul Azad, the relationship between Monday and RSN was described as a joint venture, meaning both groups would be responsible, and actively involved, in asset management and decision making.  

It can still be profitable, but I would suggest getting your cash flow going and then venture into that space after some time. 

The official believed Minkow to be a potential investor at the time.In other videos for one of RAD’s side businesses, a network of leasable off-the-grid-encampments called the American Survivalist Project — “a plan B for when disaster strikes,” according to the venture’s website — Mendenhall’s banter can take a darker turn.

I would venture to say very few landlords correctly hold their deposits based on local landlord/tenant law but as long as the money doesn't walk away and is not wrongly withheld from tenants its highly unlikely wrongfully storing the funds will become problematic.