It checks all my boxes for potential.

I’d recommend keeping the funds separate for each property to avoid any potential co-mingling issues.

Residential subdivisions, while potentially less complex, can be hit-or-miss depending on local housing trends and the cost of infrastructure development. 

After you purchase your first property, I would use some of your savings to do a BRRRR or a flip and potentially a rental as well.

If it's a long-term play, the potential savings on PMI with a conventional loan could be significant.Have you compared rates for both options?

It grabs attention, gives potential guests an immediate sense of what sets your property apart, and helps them imagine staying there.

Also, ask your agent for recommendations—they often have relationships with dependable contractors.Look for areas with a mix of affordability and growth potential.

Quote from @Premraj Jeyaprakash: I'm exploring potential opportunities in short-term rentals (STR) in West Virginia, with a particular focus on glamping.

But, I am not willing to commit to 50 years (if I am lucky) of never harvesting material equity from my rental properties at this time so that she can inherit potentially millions or tens of millions of 2074 dollars at stepped up basis.I plan to pay the tax man and spend some of my money at some point.

For those with coverage, whether an occurance of it is covered would be based on how it occured and did/should you have knowledge about the potential for mold.