Make sure your finances support it and this deal is truly worth that risk.

Both avenues offer unique opportunities and challenges, so choosing the right path depends on various factors that are specific to your financial goals and risk tolerance.Investing in Residential Real Estate:Residential real estate is typically the more familiar option for many investors.

JEWELER How did you finance this deal?

There are so many other options to consider.

However; there's no guarantee that's the option that they will do. 

It’s  generally regarded as the cheapest form of construction financing.

This can be a good option, but, of course, it will depend on how much your current property is worth, whats your mortgage and other expenses on it and how much rent you think you can get on your current home.

You can do a search of "Wyoming registered agent" and get quite a few options.

Hello, So I saw that most places categorize rentals as just str or long term, mtr is just another option investors came up with but in the eyes of the state it’s not recognized with its own rules and regulations.

Given your situation, you might want to explore refinancing options or a home equity loan to cover the renovation costs.