Another thing to think about is the high relative cost of taxes to the land. didn't used to be that way.. but county governments, water districts  have found out ways to add FEES to the land.     

Depending on the lake you'll have municipal water and sewer or you may need a well and a holding tank - can't do a spectic system near a lake.I would not build it too specific for airbnb, keep resale value in mind and follow mainstream trends.

The house just had the electrical upgraded, basement water proofed, new roof 5 years ago, newish furnish, newer windows.

-Create another kitchen-Create another laundry room-Create a firewall in attic and main level -Add 2 hvac units with duct work-Add an additional water heaterOn top of all that we had to remodel everything and fix all its issues to make it an attractive rental.

If you don't know the cost to install a hot water heater you better start learning.

In the event of a downturn, if you’re conservative, perhaps you’re treading water instead of doing the butterfly stroke.

This is not necessarily a BAD thing, as you're really just treading water month to month while the property appreciates over the years.

If you want to test the waters before becoming licensed, you could look for work as a loan officer assistant, but you would eventually probably want to make the move into being a loan officer if you choose that career path.

Hey BP Friends, I'm currently filtering through Lenders, (hard Money, Private Money) and needing best advice.

Turn water on and test.