In all reality I plan to take the capital and use it for more value-add projects, and I am just happy that this works as a proof-of concept. 

It is a unique property and I'm having a heck of a time trying to get an evaluation...I've been googling cap rates and I'm having a hard time grasping the concept because what I read says to base the cap rate on buildings in your area but how do I find the average cap rates ?

The timeshare concept never ceases to amaze me. 

Basically the Texas legislature outlawed this concept here.   

Of course I have my realtor here, but she can only help me deal with local real estate decisions, I feel I could benefit a lot from having somebody with a broader scope talk me through some concepts and guide me to an action plan.Also, and pardon me if this has come up before, but anybody have any experience/opinions about Roofstock?

I really love the idea of the BRRRR concept, I think I would want to pursue that route.

However, like most insurance, the properties with significant exposure are rejected by the insurance companies, and the maximum insurance co exposure is low, so that whole concept may have limited value.

Assuming he agrees to that in concept you can then negotiate the interest rate. 

Hey guys, my head is spinning trying to understand this whole concept.

I like the concept of staying in Phoenix.