Beautiful, but pricey—better for long-term appreciation than cash flow.

I would recommend that regardless of market you decide to invest in that you find a fellow investor/realtor that can help you purchase in the neighborhoods that make for ideal long term rentals.

My two cents but the ship has sailed for short term rentals in this market.

I see you're a Mid-term rental investor.

In terms of low competition, unless you are buying in the most rural or economically distressed area, there is always competition.

Quote from @JooYung Choi: Have you considered purchasing a short term rental?

It’s quite appealing as a long term investment - even at today’s rates.

I'll be 45 next month.option A) Kiyosaki Model: Don't sell and run either long term or short term rentals through it for a year to show income on the property than pull a $300k mortgage on it to build another house in the same neighborhood... repeatoption B)  Ramsey Model, Sell it for $600k.

Be sure to shop around for the best terms and understand the refinancing process post-rehab to ensure your numbers work.

Here are some financing options to consider:HELOC or Cash-Out Refi on Another Property – If you or your mom have equity elsewhere, this could be a more flexible and lower-interest option.Business Line of Credit – Since the property is in an LLC, you might qualify for a business LOC, which could cover construction costs.Private Money Lender – If you’re okay with 12-15% rates, a private lender could fund this as a short-term loan, especially if the guesthouse will generate strong income.Construction Loan – Some lenders offer short-term construction financing, which converts to a longer-term mortgage once completed.Seller/Partner Financing – Bringing in an investor or structuring a joint venture with someone willing to fund the build in exchange for a share of the income.Credit Card Stacking or Unsecured Business Loans – Riskier but could work if you need to bridge a gap until the unit starts cash flowing.Would love to hear more details—especially your timeline and expected rental income.