I also want 2.5 baths or better.

I'm not too worried personally about my properties because the numbers work out for STR, MTR, and LTR, so I have escape routes, but the 1-2 week bookings during winter and summer have been a better path for me than just doing LTR.Article link below:https://buildingsaltlake.com/city-bulks-up-its-enforcement-o...

May be better to just work for them and use your profits to buy your own properties.

A lot of people get attracted to buying near the theme parks, but you'll definitely get better appreciation more north, the high traffic usually deters people.

Would it have been better to use the conventional loan to just fund the purchase price and then funded the renovation another way like hard money?

And any place with cheap land that was zoned for that kind of thing would probably be better off with a standard mobile home park.

I can't speak for you, but we have decided to meet with our accountant to determine the tax consequences of a sale so that I can take as much capital out of it and move that into a better performing asset. 

With insights from Sanjeev Advani, investors are better equipped to make informed decisions that pave the way for financial growth and stability.By engaging with these expert insights, readers can gain a deeper understanding of the real estate market, enabling them to make decisions that align with their investment goals and risk tolerance.

I would love to get a better understanding of this market!

@Gavin Jex seems like they are trying to help you out, but exposing you to tax issues.As @Chris Seveney already pointed out, one of you will be taxed on the 0% interest loan as a "gift".The other issue is that you will get the property at $170k roughly, and then be exposed to capital gains of the difference between that amount and the market value.Highly recommend you speak with an Estate Planner for possible better options.