Building positive relationships with neighbors and local authorities can support your venture and help mitigate potential conflicts.Financial Considerations: Evaluate the potential costs and revenue associated with renting out camping areas on your land.

I know from experience how expensive water damage on a 2nd story can be, and the liabilities associated.

Hi Danny,I recommend joining the NCREIA (North Carolina Real Estate Investors Association).

I would probably consult a professional to evaluate all the opportunities and risks associated with each financing option.

Meeting investors, agents, contractors, and other professionals is a great opportunity that these events provide.To locate and establish contact with Houston real estate experts, go via internet resources such as BiggerPockets, LinkedIn, and neighborhood real estate forums.In Houston, consider becoming a member of many real estate associations and organizations.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Try our guy Perry Keenan with Keenan & Associates.

As such, I would be a little concerned about who will be your buyer if/when you outgrow your space or decide to move locations.Who is running the owner association?  

Since the studio apartment is now an income generating asset...any expenses associated with the studio apartment are deductible.

My idea is to build a mini village with modern cabins, but I'm unsure about its demand, worthiness as an investment, and associated risks.Here are some specifics:Investment Capital: I have $500K of my own and access to an additional $1 million from investors.Location: New Jersey, where I currently reside.Investment Goals: My primary goal is to generate cash flow through short term rental.Project Idea: I'm considering building a mini village with modern cabins.I would greatly appreciate insights from experienced professionals in the community on the following:Demand: Do you think a mini village with modern cabins would be in demand in the New Jersey area?