I own 20 acres of land valued at approximately $80,000, and I want to build two short-term rental (STR) units on it.For context, my family already owns two long-term rental (LTR) units in the same general area.

Hi all,I had a mid term tenant send me a picture of what is apparently mold in the bedroom closet.

Congrats on taking the leap and your success so far!

Their fees and interest rates were high, but they had the least restrictive approval terms from what I gathered.

After living in the property for a year, you can move out, keep the same loan terms, and convert your unit into a rental.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

You might have to give up some income from the rentals but it gets you ownership of the park and time to fund long term financing.  

In short: $4.25M Purchase Price. 15% down. 3.25% with seven years remaining. 

Larger properties offer economies of scale and better financing terms, but they also come with more complexities and higher upfront costs.

Definitely a strong location with great visibility and high foot traffic.Since it’s a NNN,  your expenses are minimal, but if LazyDog ever exits, buildout costs will depend on lease terms and the next tenant.