This will at least give an idea of what you need to do as well.

However, I have an entrepreneurial spirit and have a business idea surrounding how the current industry leverages security deposits.

It's not rare that a developer complets a project with 30-40% profit from sales that together with presale and leverage can drive to a much higher IRR.It's possible that an attractive offering model should include the option to switch to ownership of condos plus short term rental at the end of the construction.I will be happy to hear your input on the ideas I outlined here.The

Any other thoughts or ideas for this situation?

It's a limited-term lease advertised on Furnished Finders.

@Scott BridgehouseIt's not limited to first time purchasers so you're good to go!  

No value add was needed, I did toy with the idea of moving a mobile home to the property.

I have a 3 bed, 2 bath STR on Airbnb that's been a loss and I have to come up with some ideas to change it or sell it.

He likely has an idea of the range they will sell for once completed.

I might be having trouble trying to convey an idea about real estate investing.