As you grow your portfolio, they can help you secure additional funding, refinance existing loans, and adapt to changing market conditions.Financing doesn’t have to be a roadblock to your real estate dreams.

With hopes to build two additional cabins in the future.

This is not as passive as other investing but it will help launch your portfolio so that you can continue to invest without needing to work additional jobs.

This is due to bonus depreciation which allows taxpayers to deduct 40% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

They are all pretty the same this one cash flows the least amount but has some additional upside.   

The additions are usually small.Buy focusing on real high value places, you are putting yourself in a narrower guest pool.

I’d appreciate any additional suggestions you might have! 

OF COURSE the Contractor is going to say you need to tear it all out and rebuild the wall(s)  because that's the absolute easiest solution and adds additional work for him.

The 2-3% points in extra cost are worth it if you plan on using as I described above because the use would be for a few  months at most and due to that short term use you can survive a rate adjustment up.But, if you have no plan to payoff the debt like when using for a down payment on a long term hold why pay the extra cost for flexibility and have the additional risk of the adjustable rate with the amortization looming when you can get a fixed rate second mortgage. 

- Highly recommend REQUIRING tenants to get Renters Insurance and adding you, as the landlord, as additionally insured.