@Lars BruininkAs a former San Luis Obispo resident 480k sounds like a great deal.

It sounds like you're weighing your options pretty carefully.

This could help secure funding and expertise in building and managing affordable housing.4.Explore alternative construction methods: As you mentioned, modular homes could be a cost-effective option for building additional units on the property.

If it cashflows after you move out then it sounds like a good deal to me.

Otherwise, sounds like you'll just be trying to fly under the radar.

While it sounds ideal to bring on another lending partner in addition to seller financing - as you can see you have to pay the piper at some point.

Since land values tend to be higher in the resort areas, that can have a negative effect on tax benefits.

The effect is that Airbnb boosts your search performance because it prioritizes updated listings. 

@Simon Ashbaugh thank you for your sound advice.

Marketing a property effectively becomes solely your responsibility, requiring you to explore various platforms for visibility, which might not reach as wide an audience as a professional's network would.