Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

Present this plan and go from there.

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

It's not just about creating beautiful spaces; it's about making every square foot work hard for both the investor and the end-user.Optimizing Space UtilizationThink about how reconfiguring a floor plan can add value.

This may come into play as you near the end of life and need to think about estate planning.4. 

We are planning to hold it for 5 years and bought a rate cap to cover the entire hold period. 

We plan to renovate it ourselves and turn it into a 1200sq ft 2/1 to STR.

The demand for vacation rentals in places like Destin, 30A, and Panama City Beach remains strong.

I already make a living out of real estate and I'm not planning on ever leaving this space, I'm here to stay. 

Would love to hear what you’ve got planned for the future.