Cash out refinance for investment

[Zachary Hollander]

Hey everyone, 

We are in the process of doing a cash out refinance on the home we purchases last fall and expect to be able to pull 100k/ maybe more from the cash out. My wife and I have a plan to buy an investment property to use as an airbnb. We have done our research and narrowed down the areas of our town we'd like purchase in due to it being close to the main attractions. We've looked at other airbnbs in our market and they all are doing well. Our market isn't crazy competitive yet when it comes to amount of airbnbs in the area. 

What would be the next steps if you were starting this process?