I think your plan has merit. 

The longest delay is the floor plans. 

We have a decent plan working now, its just a matter of financing and scaling.

With careful planning and consistent effort, you can create a portfolio that aligns with your long-term goals.Good luck!

You're off to a great start by educating yourself and planning to attend meetups—that’s where the magic happens!

When considering a vacation rental property, it’s essential to have a backup plan and understand the numbers for annual leasing.

My plan would be to keep the front waiting room as a small commercial space and the back offices as efficiency units or studios. 

., HVAC tune-up, plumbing fixes)Deep clean entire property pre-listingEstimated Cost: $5,000Total Estimated Renovation Cost: $145,000Project TimelineWeek 1-2: Planning and DemolitionFinalize design and materialsObtain necessary permitsBegin demolition (kitchen, bathrooms, floors)Week 3-5: Structural and Major InstallationsInstall new cabinets and countertops in kitchenComplete bathroom tiling and vanity installationRefinish or replace flooringWeek 6-7: Painting and FixturesPaint interior and exteriorInstall lighting, hardware, and plumbing fixturesWeek 8: Finishing TouchesLandscaping and curb appeal updatesDeep cleaning and stagingTotal Timeline: 8 Weeks*This link comes directly from our calculators, based on information input by the member who posted.

Good point, if you have plans to sell in the near future, could be better to wait.

I plan to live in it and then rent it out in a year.