When will I be ready to refinance from and FHA loan to a more conventional one?

My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?

This restriction limits the number of homes we can build and impacts affordability.If we were approved to develop more 40-50 ft lots, we could build more units and provide a more affordable product. 

We currently have a construction loan on the properties and we would like to refi to a more conventional loan.

Feel free to connect for a more detailed explanation.Best of luck.

The income is much higher but it does come with a more management.

I did some work in Corvallis and thought about investing in that area as well...just seems like Eugene would have a more robust market.

That seems like a more realistic result than just “talking to the bank” and having them agree to let the arrangement continue.

I have a more realistic mindset on what to expect now. 

I have a more educated wallet and that makes me feel real good.Whether you’re a seasoned investor or just starting out, these lessons could change the way someone approaches their next deal.