However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

Go back and visit your goals-is this what you wanted?

I've used those before for shot-term funding for renovations/rehabs in projects.

This my goal to obtain over the next 5-10 years.

Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

In real estate its messy and there are always repairs and capX projects that seemingly pop up from time to time.

I am looking to connect with people in the industry who are proactive and looking for their next project.

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

I think the before vs after pictures really speak primarily to your experience and ability to execute a project so it can help lenders gain comfort with future projects and allow you demonstrate what level of detail you except out of your contractors.