I have always imagined getting to the point where I could hold/ run a small community of mountain cabin rentals or a guest house, something along those lines.Thanks,Chad  Yes I meant AirBnb and Mid-term rentals, rent by the room, glamping (although I probably wouldn't go that route), buying commercial RE and running a business (for me that would be a lot of work with a W2 job and buying property locally or leasing out a space is expensive here). 

I'd bet that this note is worth more to you than to most buyers until the note is much lower LTV, but I'm a novice in this space.

@Brandon Blackmon Are you trying to figure out how much the GC is marking up your project?

Once you go above $125k/unit you start to get into the high end areas that won't have very good rent/price ratios and are under the 1% rule mark for turnkey stuff.Neighborhood wise in the city the "East End" is where the most expensive real estate is since that's where the universities and a lot of the hospitals are located.

Secondly, you'll definitely want to confirm with a tax strategist with experience in the STR space to confirm if the setup you describe will pass as an STR with the IRS. 

Office, event space, wedding venue, warehouse, etc.

I'm looking to get started in the sober living space.

I manage MTRs in NC and SC - our SC properties still cover their costs and then some in the MTR space even after my management fees.

I plan on converting the barn into another sleeping space and indoor/outdoor rec room.

The walls in your own house are going to be covered in scuffs and marks but for some reason the buyer completing their final walk through will have heightened awareness.