Are you doubling down on short-term rentals in tourist-heavy areas, pivoting to long-term rentals in growing suburban markets, diving into value-add multifamily properties, or exploring something completely different?

Hi @Adam M VonfeldtCongratulations on your current rental property—that’s an incredible achievement!

I would find a loan officer that does both conventional and FHA renovation loans to compare which has better rates and terms for your situation.

Property values here have a steady history of growth, making it a reliable market for long-term investment.2.Tenant-Friendly Laws: While this might seem like a challenge for landlords, tenant-friendly laws create a stable rental market.

If long-term rentals don’t cash flow, short-term or mid-term rentals (Airbnb, traveling nurses, corporate stays) might work better.

The fact that you evaluated whether to sell or do a cash-out refi shows you’re playing a long game and keeping your options open.

In some cases, federal tax credits like those for low-income housing or economic development might also apply if the project aligns with certain goals.Instead of buying the land outright, developers often lease it from the tribe, which can reduce upfront costs and sometimes come with favorable lease terms.

would get estimates and see how long to recover the money and your long term plan for the property

This aligns well with your goal of achieving $11K/month in cash flow and retiring within 5-10 years.

Its return is achieved due to an alternate rent model.