This is my first REI property, so I'm trying to find cost effective solutions to this matter.

We used hard money for 80% of the project cost.

It might save you from costly surprises down the road.Finally, be patient.

I’m always asking how much a project costs when I hear folks talking about doing renovations, and I ask how their contractor performed.  

Even the Nickel free and regular newspapers.   

I recommend you check your numbers: If current NOI is $37K and they're asking $500K cash, your cash-on-cash return at time of closing can't be more than 7.4%, and that's assuming an all-cash purchase, ZERO CapEx, ZERO renovations and ZERO closing costs.

If you’re looking to dive into Branson’s real estate market, feel free to message me, and I’d be happy to share more details and chat about how we can collaborate!

Quote from @Caleb Graham: Add PM costs to your calculation.

I just counted 23 support tickets I have open right now 😑 Avoid guesty all costs.   

Feel free to reach out if I can be of any assistance, Best of luck!