Highlights:* no prepay on 12 mo bridge* 6 months guaranteed interest on a 24 month bridgeThese are interest only loans and the DSCR calculation isn’t a factor in the lending decision.Compare the cost of your lower interest rate DSCR loan, including PPP versus what the bridge would cost at a higher interest rate and no or minimal PPP.PPP=pre payment penalty :)

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?

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

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

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

Do you have a full tenant screening system yet?

If you do have to accept screen like any other tenant. 2. 

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.

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.