Patrick Jackson , thanks for the welcome.Currently im developing my strategy, after reading the UBG and all of the igger pockets PODcast, im well on my way to taking it slow.

If the numbers work with a gross revenue of 14,400/yr, then you will only have a bigger grin if you rent it for $1500/mth.

Zoning can and does change over time but often on something like that the current use would be grandfathered.Either way I would start by calling the local planning/development office and finding out what they need.

My advice would be to start reading, develop a plan, and connect with others.

Hello all, Just curious as in the first couple of steps to start focusing on when it comes to developing a business plan for vacation rentals?

I spent most of my cash on my down-payment and remodel, however, with the work I did (and rising home prices) I have developed a good amount of equity in a short time.I have been approved for a HELOC of (roughly) 150K, which I want to use to invest.

There are a lot of costs involved in development.

I have developed a habit of purchasing homes in the city I move to and when I depart I rent the home out using a property manager.

It was a house that we inherited.We are looking to add purchase another investment property in the next 1-3 years depending on what deals we can find and the revenue this current house provides.

The key here is to try to develop a relationship with said realtors. usually, after a couple calls and maybe even a face to face meeting you'll come across as being a serious investor.With that, try to find out from which ever realtor you speak with whether they pass around potential listings within the their office before these listings actually get posted on the MLS.