If you have any reservations ask the prime contractor to supply a performance and payment bond.

The more expensive the property the worse it’s performs as a rental.

Unlike long term rental, short term rental performance is very operator dependent.

At the end of the day, as long as it serves people, has the right message & is delivered at the right time can greatly affect its performance with the people you are serving. 

Minnesota is packed with natural beauty and unique tourist attractions.As someone new to the investment world, this trip got me thinking: what about investing in glamping or Hipcamp-style properties?

It has performed pretty well, but nothing crazy.

If you are not going to do the work yourself, I would just get an estimate from a contractor based on the scope of work you want to perform. 

Who is going to sell this beautiful new house when it is done. 

.🧭 Who This Strategy Is For✅ Builders✅ Investors✅ Homeowners who want to build and sell off a portion of their lot✅ Families who want to share land across generationsThis strategy works beautifully for:Urban infill lotsCorner parcelsDeep lots with alley accessRedevelopment opportunities in high-demand zones📋 What You’ll Need to Do ItTo condo a project, you’ll need:A platting & condo attorneySurvey & site planA simple HOA agreementMarketing that attracts owner-occupants or mission-aligned buyers💥 The ImpactCondominiumization isn't just about making more money.It's about:Creating attainable ownership in a high-cost marketSupporting gentle density that fits the neighborhoodHelping Washington achieve its housing goals without high-rises or sprawl

The IRS doesn’t allow you to deduct personal living expenses, even if you perform the work through your own LLC.You cannot bill yourself through an LLC and claim a deduction.