It's been a couple of years since my last refinance (conventional loan of $200K, value is around $275-300K). 

Coupled with tailored marketing efforts, these enhancements attracted buyers and significantly increased the property’s profitability.

If we decide to refi in 3-5 years, though, we may time a couple of the leases to end at the same time and spend ~$6k to tear 2 rooms down and rebuild them.

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

But I would add a couple of things. 

I was working with a DSCR lender on comparing options on a seven property portfolio purchase a couple years ago and the difference between bundling them and doing them all separately was negligible.

Then after a couple weeks the goal moved to 10 calls a week.

I will be going down there in a couple of days, and interested in building/developing/investing, I am a licensed Mexican Architect, I have friends living there as realtors, US investors, and US builders ready to pull the trigger. 

I did this when I was about 22-23 years old, only married a couple of years.

I was for a couple years.