Using BRRR method to acquire AIR BnB property

[Burt Gourley]

Hello guys, 

I have had such great input here on BP. I just have to keep bugging. I am thinking of using the BRRR method to acquire an AIR BnB property . I was hoping to get some input. I have a rental in Roswell NM that I bought cheap, put all my money into it and rented it out. Its producing right now. I acquired the property for 25,000 and I am all in around 70,000. I think I can get it appraised around 129-137k.

Here is my question, how can I analyze the air b n b properties near me ? I was hoping to borrow against my Roswell house and maybe find me something I can get in the historical district to use as a turn key AIR B n B property. 

I have considered also Albuquerque as I have a rental there as well, and Amarillo is also an option. 

I really need help pulling the trigger using this BRRR method whether its an Air BnB or just a rental.

Last question - Has anyone borrowed against a property they own to fix that particular property up?

thanks for any input guys !