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.

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%. 

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

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

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.  

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?

@Rafael Ro Traditionally, investors have targeted Class B properties. 

It's not a traditional school building.

You can refinance into more traditional loans later, but that initial speed matters.

I am at 4 now and hoping to average 2 more per year yet ready to quit my traditional job ASAP.