Hey @Jeff Langley - I've never run into this scenario, but thinking from the terms of a guest, I don't think I would ever care if the Airbnb hot tub was wood heated or not. 

Hey all,   Like many folks here I've been interested in RE investing for a long long time. 

If you are going to select a Realtor, Banker, Wholesaler select them based on industry knowledge, tenure and success in their field.I offer this in an effort to avoid lost money and most importantly lost time...

I am a local Long Island Real Estate Agent covering everything from investment opportunities, development opportunities, home selling, home buying and everything in between. 

Short term, I'd probably buy the next property and live in it while I'm adding value.

Typically, when rentals have been on the market for that long here in Columbus, it's because they're asking too much for rent. 

My question is, since there is flexibility with the building itself, what would be best loan option to go with that would work for this property in terms of best rates, lowest down payment? 

If they are over for a long-term then under rented.

I'm renting it out while I'm stationed in CA and its been a success so far.

If this is you are going this way and this is your first project you can expect that your options will be smaller if you are not partnering with someone who has successful ground up construction exits either as a GC or an investor.