I own some land in OBX and for years wanted to buy a rental property, but the reality is if it is strictly for rental purposes, you will not make money.

The larger question I think is are you going to make it a primary residence or is this strictly an investment property? 

Many are under strict HOA bylaws that may limit the number of rentals or eliminate the type of rentals (STR/MTR) which can crush your business plan. 

ThanksGenerally the more space for heads on beds you can provide the better. st pete is strict with STRs and MTRs there’s about 4 streets in the entire city that allow for it.

To mitigate concerns of placing a bad tenant, set your application guidelines as strict as you need to feel comfortable, and STICK TO THOSE GUIDELINES.

Scope of Work:Initial Assessment: Our team conducts a thorough assessment of the property to evaluate its current condition, identify structural issues, and determine the scope of renovation required.Design Concept: Collaborating with architects and designers, we develop a design concept that blends contemporary elements with the historic character of the row house, maximizing space utilization and optimizing layout efficiency.Structural Repairs: Structural repairs and reinforcements are undertaken to ensure the integrity and stability of the building, addressing any foundation issues, roof leaks, or structural deficiencies.Interior Renovation: The interior of the row house is completely renovated, including the removal of non-load-bearing walls to create open-concept living spaces, installation of new flooring, upgrading electrical and plumbing systems, and installing energy-efficient fixtures and appliances.Kitchen and Bath Remodeling: The kitchen and bathrooms are transformed with modern finishes, custom cabinetry, quartz countertops, and high-end appliances, creating functional and stylish spaces for daily living and entertaining.Historic Preservation: Special care is taken to preserve and restore original architectural features such as exposed brick walls, decorative moldings, and hardwood floors, enhancing the property's historic charm and character.Exterior Enhancements: The exterior of the row house receives a facelift with fresh paint, repaired masonry, restored windows, and landscaping improvements, enhancing curb appeal and contributing to the overall aesthetic appeal of the neighborhood.Quality Assurance: Throughout the renovation process, our team adheres to strict quality control measures and standards, ensuring that workmanship meets or exceeds industry best practices and building codes.Finishing Touches: The finishing touches, including interior decor, lighting fixtures, and hardware, are carefully selected to complement the design aesthetic and create a cohesive and inviting atmosphere.Timeline and Budget:The single-family flip project in the Philadelphia row house is estimated to be completed within [timeline], with a budget of [budget].

But I suspect, regardless, the mid-term market is not a place for adding expensive amenities; those folks are typically on a strict budget and staying long term; the budget and often, proximity to the purpose for their visit drives booking decisions.

I am strictly looking for a Portfolio or Community lender.

it's not co-mingling if you are just using it strictly for business and paying it out of the business account.And if you do make purchases for personal stuff, just record it as a due from owner and then you reimburse back.I mean it is easier for me to understand it because I am an accountant. lol

There are HELOCs you can get, they are just much more strict about them now.