Moreover, what is your method of financing?

Many investors are building as they can do that more cost effectively than buying under the current market conditions. 

They have costs to do deals with them.  

Costs are also a bit high right now and it’s a substantial investment, likely $1000s per day to run at a scale that would be useful to the community.

My ex-husband and I split the kid costs.

Bridge loan rates have ranged from 8-12% depending on market conditions and the cost of capital.

I know something about “creative financing” as I have successfully navigated this method of property transaction for 45 years.  

By making extra payments or paying more than the required amount, the borrower can accelerate the repayment schedule and potentially save on interest costs over the life of the loan.

The location has visitors year round and has been an overall great investment so far.However, we're wondering how we can go about getting our 2nd property in the most cost effective way possible.

Taking your screening method above- as an investor, it would make sense that you are choosing the applicant with the best balance of income, credit, references and a clean background.