(If radon is an issue and you know about it as others have stated the cost to mitigate has gone down significantly and I’d do so).

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

These developments offer the amenities and privacy of single-family homes with the flexibility and affordability of rental properties, filling the “Missing Middle” gap in the market.Another trend that has emerged is the use of light gauge steel construction, which offers durability, efficiency, and cost-effectiveness.

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.

“The co-owners may effect voluntary partition in any manner they agree upon

I'd Consider leveraging VA services and ensuring thorough training for effective cold calling, or opt to hire a professional cold calling service.

Depending on the price point of the property and the market you are in the cost for certain things can change.

Idea on cost to tackle this?

Example:Mortgage approval up to $600k20% down payment = $120kClosing costs = approx 1.5% $18,000Furniture costs approx $30,000 based on $20 per footv at 1500 sqft homeMoney partner agrees to contribute all necessary cash approx $168,000 to purchase and set up STR. 

Vacancy/turnover is very costly.