I started investing in Branson in 2008, and the trends have changed dramatically since then. Guests used to be satisfied with the more ordinary, nice, and clean properties. If you had a luxury product, you knew yours ...

In addition, from an accounting perspective there is no return until negative position has been recovered regardless if you sell or refi.If Piti is $4800 and rent is $4k to $5k, you would bleed negative cash flow.  

I think it’s important to step back to put your RE goals into perspective.

From a cost perspective it appears that it’s really reasonable.

Appreciate your help. you may need to  (thus I recommend doing research)1.create condo docs2.make sure from a building department perspective it meets all code requirements3.

From a seller's perspective- They do not want to upset tenants and want to avoid what I call lookilous.  

From my perspective that would only be your grandparents because your parents would not do it.

I'm looking for people who have experience and can share their perspective.

Ours has a 5 foot deck with roof built into the plan so that is easy peasy from your perspective and the presentation of the home lends to appraisal.

This is really mentorship stuff...Good luck.Thanks - I appreciate the perspective.