As for financing, on a conventional loan if you do not need the rental income to qualify then you would not need to have the property rented but if you do need the rental income to qualify then you would.  

Working to systemize this business to run efficiently with future limited supervision to then take the cashflow/profits to continue investing in building our long term rental portfolio as well as invest in other business endeavors.

Second- these developments where the same person develops, builds, and then requires you to use them for management- they always suck.

Quote from @Denver McClure: Hey @Buck Dabill, if AirDNA isn't giving you quality data, then I would suggest manually scrapping similar properties on the lake via Airbnb, VRBO, and Vacasa.

Then my current primary home will be rented out to balance the cash flow of this purchase for the next year or so.

My partner and I bought a home in South Florida end of 2021 with the intent of doing a small Reno and then airbnb/vrbo and then blocking out the dates we wanted to use the property.  

Then level the floor - really shouldn't need more supports after the first if they were installed correctly.

Let us say you want to have a Section 8 rental, then first try to define what you can afford and where is that money will come from.

@David Robert - Based on what you're saying it sounds like certain sections of drywall/wall are better off coming out and replacing then trying to repair.

Then he tells me he can't use it and wants to know why we got the appraisal.