Make sure to estimate contruction costs accurately.

Thanks @Will Fraser my estimate was on that high end.

I know my local market like the back of my hand and can easily estimate costs for repairs and what not.

@Shoshana Shulman - there is a calculator on TreasuryDirect to estimate the future value of the bonds.

But the lenders are hesitant to give me even estimates.

And I believe it only needs to be done once a year, you just need to pay estimated taxes in quarterly.

We are looking to do a 30 year 3-4% interest bundle, current payoff is $260,000, Estimated Value is $495,000.

Make sure you consider all the extra expenses that str properties have:third party software, supplies, county taxes and business licenses, utilities, internet, etc.and run the numbers to estimate what your cash flow will be in the high season and low season.  

Hey just running numbers and analyzing potential deals and looking for contractor and new home builder recommendations 🙌 I'm looking for trustworthy people that I can bounce ideas off of, get rough estimates from and network with to see if potential deals pencil thank you!!

Whenever working with a lender, ask for a loan estimate to get a disclosure on all of your closing costs/fees.