If I assume a 1.25 ratio, this scenario would allow me recover more capital than a conventional mortgage.Please let me know your thoughts.

Im open to conventional financing or seller financing.To find properties, you can network with local agents and brokers, join local real estate investment groups, use online platforms like Zillow, Realtor.com, and Redfin, send direct mail campaigns, drive for dollars, network with property managers, and explore seller financing.Good luck!

Exhaust all of your conventional or government financing options before you get into DSCR. 

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?

Conventional.

We purchased with a conventional loan, 10% down payment:Purchase Price: $405,000Closing/Fees/Misc: $12,500Repairs: $85,000ARV: $575,000I was hoping for rates to come down some in the next year and refinance out with a 75-80% LTV.

The investors that I have worked with in the past have found units from SFR to quads that are ready to close with conventional financing.Connect with me for any specific questions.Best of luck.

Great job, Would love to see a breakdown of how you financed so many properties in a short tim - Conventional, Private, Seller Financing etc.

@Shelley AustinWhile it sounds great - if they cannot qualify for conventional financing will they be successful and pay you?

But when applying for a new conventional loan, it still has to be counted.