For long-term strategies, a cash-out refinance is usually more advantageous, as it preserves ownership and offers fixed terms.To proceed, start with a professional appraisal to confirm the home’s value, compare refinance terms with traditional lenders, and carefully scrutinize shared-equity program terms to ensure they align with your financial goals.

There are some services like Guest Ranger but we do not screen in the traditional sense.Make your house rules clear and make it clear they are enforced, then they tend to screen themselves. 

“Selling” a co-living room is very different to showing a traditional unit. 

Maybe I can qualify for a traditional loan on another property in the mean time before I have enough equity in the VA homes.          

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.

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

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.

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?

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%. 

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.