Cost?

Hi Nathan - I agree that there are potential pitfalls when considering a heloc as an option, as you pointed out.  

Conversely, if you're interested in short-term rentals, I recommend using tools like AirDNA to identify markets with high potential, based on the market score of the surrounding region.Additionally, understanding your financing options is crucial.

Tap into those markets.......generally your biggest wholesalers can potentially be your biggest buyers.also go to Your rent section on zillow in your area. research a couple of the owners of the rentals and reach out.

I'm getting a lay of the land and found a potential deal in Palmetto Beach.

If it’s feasible, how long might the process take, and what costs could I expect for the necessary permits?

@John Hidalgo We have a different area with huge summer rental potential so every rental is furnished and usually goes short term in the summer.

Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

See the 2020 aerial view below.Very little undeveloped private land is left in the Las Vegas Valley, and desirable areas cost more than $1 million per acre.

I currently go to school in Montreal so the market doesn't really interest me there for what i could paywhen I say I can get the all the money its just that it's not like I need for my potential partner to chip in but I just think that he should chip in, at least a little bit so that he would feel more "invested" in the project.