You can't go off of the cost estimate on permits and even beyond that, design, site work and a number of other factors will play a significant role in costs.

Otherwise it will have to be an investment property loan with about a 20-25% downpayment.The trade off with less capital is you have to be more uncomfortable with your living situation while a higher down payment loan product gets you a more comfortable living situation.

Purchased, rehabbed, designed, and furnished 5 bed 3 bath in AZ completely remotely.

This certainly isn’t designed to be all-encompassing but maybe with some good luck and hard work you will have a great partner for years to come.

Lucky enough to belong to an incredible network in Denver (CO) but as we add operations, properties and an arm of our design business down here I am itching to join something similar!

For example, if every lake cabin within 20 miles of yours listed on Airbnb seems super rustic and dated and "northwoodsy" (for lack of a better term), is there an opportunity for you to skew more modern in your STR design/style to help capture bookings with guests who are looking for that kind of aesthetic?

Hoping to design and start cluster home buildout in 2025 Lessons learned?

This would also allow you to move out eventually and keep the favorable loan terms then keep the property as a passive income asset.If you could find a value- add situation and are comfortable with renovations then you could also increase rents and equity simultaneously.

The company that I've hired to do my direct mail does that very similar method with an envelope close to that size with a customized design on it.

It made it super easy for us because he already knew exactly what pictures to take, how to make sellers feel comfortable (if he was going to an occupied home), things to look out for, etc.Unless a seller has grossly misrepresented the condition of the property, we very rarely have to renegotiate after we "inspect" the property.