I haven't really thought too much about the pride in home ownership and looking at the signs in the neighborhood such as landscaping.

However, the landscape has dramatically shifted in 2023, with these five companies now single-handedly driving 78% of the market's growth.

Optimists hope we get some Seattle/Portland people moving north for cost of living/quality of life reasons - or a natural gas pipeline - to boost job/pop growth - without those - we'll probably stay around a 2-3% appreciation rate... fairly slow and steady over the past 30 years here.Re:HOA's - nothing crazy as a realtor - some are high if they are covering all or most utilities - (gas for heat, electric, water/sewer, trash + exterior/landscape, etc.). 

Physical condition - Roofs, interiors, plumbing, electric, HVAC, concrete, landscaping, etc.

The property needs a new roof and landscaping retaining wall, some repair and paint to the deck, and all of the exterior door frames need to be fixed/replaced. 

Given the current lending landscape, I am wondering what the best strategy would be for us to finance this short term rental.

Remolded the bathroom, kitchen, and landscaping, and I intend to convert the dining room into a 3rd bedroom.

Purchase price: $395,000 Cash invested: $150,000 Construction loan funded using my Self Directed IRA...1929 Bungalow/Cottage2/12102 sqftInvestors will be digging out the basement ~2 ft and adding 3 BDR's and another bath.ARV = =$700,000Final product will be a 5/2, fully remodeled from studs along with landscaping!

The cost basis calculations can get more involved if you depreciated one or both properties or made landscaping improvements to a common area for the benefit of both properties.

-Site work: typically $10K is a good number to start with, which includes preparing the building pad, connecting utilities, plus a small amount of landscape and concrete work.Hope this helps!