My first investment: Airbnb property near Woodstock, NY

[Sourabh Bora]

Hi Biggerpockets family,

With your help and blessings, I finally took the plunge! Bought this little fixer upper in Palenville, NY. Now I need your guidance, as I walk my rehab journey. I will keep posting my progress report.  Thanks!! -Sourabh

Summary: 115 miles from NYC, 1.1 acres, 2 bed 1 bath house with a strange configuration. Purchase price $70k. Needs extensive work. I want to develop it into multiple tiny Airbnb rentals. And later on, take advantage of the 1.1 acres and put up Yurt/ Dome / Tiny house etc as a glamping setup.

Pictures:

The 3d model 

Front view ( The barn with loft)

Right view (Barn, Kitchen and .. the back part I lovingly call, the pizza) == also, what i plan to do with it.

back view ...Current view and the Planned renovation view

The left side view 

Location:

115 miles from NYC ( 140 minutes)

12 miles from Woodstock and Hunter ski mountain. ( 25 mins)

8 miles to HITs Saugerties (15 mins)

25 minutes to Hudson.

The cities I have just mentioned are the TOP Airbnb locations in Hudson Valley/ Catskills as listed below. ( I wrote a scraper program to get all the Airbnb data)

city	Total number of homes on airbnb	Total number_of_reviews	average number of reviews
Woodstock	141	7720	54.75177305
Hudson	142	6636	46.73239437
Phoenicia	57	3458	60.66666667
Saugerties	125	2983	23.864
New Paltz	66	2237	33.89393939
Beacon	54	1860	34.44444444
Catskill	45	1761	39.13333333
Hunter	79	1445	18.29113924
Rhinebeck	48	1413	29.4375
Kingston	62	1380	22.25806452
Kerhonkson	32	1293	40.40625
Accord	29	1275	43.96551724
High Falls	20	1122	56.1
Tivoli	14	940	67.14285714
Olivebridge	13	886	68.15384615
Rosendale	16	834	52.125
Cold Spring	19	813	42.78947368
Athens	11	803	73
Mount Tremper	23	762	33.13043478
Stone Ridge	17	742	43.64705882
Windham	60	740	12.33333333
Germantown	34	718	21.11764706