We tell hosts all the time, it's more management and more money than traditional SFR.

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?

We got it appraised for traditional financing and it came back at $3.125M so we were able to get our investor their $1.5M back.

Their online payment system doesn't recognize non traditional banks (credit unions) so your hit with $27 fee to pay with debit or have to take time out of your schedule and go to a Western Union for a $3.95 fee.

Thank you very muchJaša This is how traditional banks, private credit funds and anyone in the lending space works.The challenge you will have is finding someone to give you money at X%. 

This is one way, but in the traditional sense in private equity, it would be an acquisition fee to the GP, asset/and construction management fee to the GP, and then a waterfall on the exit - possibly include a promote for exceeding expectations.

@Kay S.Assuming you are getting title insurance (which I recommend) the closing costs will be similar to a traditional closing.

I still have clients buying in Vegas, but it's not as common due to cashflows being hard to come by with the traditional 25% down financing.  

Our plan was to do the traditional house-hack, but things haven’t gone as planned.During some self-testing followed by professional testing, we discovered lead in several high-traffic areas of the home.

They refused to accept my terms and said I would need to put down 30% versus the traditional 80/20 with conventional terms.