We in the Tampa area are up 15% YoY and you can still cashflow at current interest rates/ADR's. 

In the end we pitched seller financing, which I thought they'd never go for, but we ended up working something out on pretty favorable terms.I'm interested to connect with others who are doing boutique hotels / STR hotels, whatever you want to call it. 

Property taxes have gone up a bit, but so has insurance-all the little bits add up over time.

I would do a HELOC, because if you don't want to take the money out you don't have to pay the interest, on a home equity Loan, the full amount is going to be advanced when the loan funds, and you will pay finance charges on the whole amount.We do investment loans on new construction, Typically we can do 60% of the land costs, and up to 100% of the vertical construction, not to exceed 85% of the Costs.Thanks,Dustin

It it is just a straight loan (not fix and flip etc) then it boils down to underwriting and application time whereas a private/HML can close in 7-14 days or faster and a traditional bank will take up to 45 days.

@Kyle Weinapplehas the house gone up enough in value such that you could do a cash out refinance? 

For your New construction program, we have an SBA program where we can get you up to a $5m Guided line of credit, with By Annual Payments, the line is good for 5 years. 

Otherwise, I would check with your local zoning/planning department to confirm that you can add tiny homes to the property and what inspections/septic systems need to be set up.

@Sweta JainYes, set up a separate checking account only for that property.

My current tenant will be hitting her 90 day mark until her lease is up at the end of this month.