I would also focus on landlord friendly states if you are planning to rent.

Is there debt on the property or are you doing all cash?

Choosing the right lender for a HELOC (Home Equity Line of Credit) can make a huge difference depending on your goals.

I have been reading Brandon Turner's "The Book on Rental Property Investing" and have learned a lot but wanted to get on here and ask for advice from everyone.  

You can cover the wire mesh with drywall patches (they tape on wall and across the wire, white/paintable, different sizes) as the wire mesh is what will prevent the rats from eating their way into the property (the covering material is cosmetic only).

We did exactly this and are now on our 10th MTR.  

I feel I'm on the low end, but my COC return a year later is roughly 14%.

Purchase price: $2,900,000 Country Glamping and Development LLC acquired 776 acres for a project called Country Glamping on the River, LLC.This is Rawland/Off-Grid/Glamping/STR and Owner Financing for Lot Owners that want an Oasis Get-A-Way and Glamping ROI development on the TN River.you can see the Project: www.CountryGlampingontheRiver.com What made you interested in investing in this type of deal?

@Alan Mills You mention contractors not keeping a time line , not General Contractor . 

If mortgage rate were < 3.5%, then there is no need for recasting...but 5.25 seems like a border line.