Also, download the BP podcasts onto your phone and listen to them in the car or whenever you have down time.

Using @Rogers Smith example above, if I can get the comps high enough and the land cheap enough, could be able to finance the project with little "actual" money down. Time

Luckily with very little down-time (but a huge rehab / pool teardown / fire pit & deck remodel job) between them.

Buy them already done, pay a little more but no stress or downtime .

They don’t have to be recently remodeled necessarily... although that never hurts... if you can avoid the down-time of the property being renovated it will just work out better for you.Some people sing the praises of 1031 exchanges... but just know it doesn’t get you out of the taxes unless you die owning the property.  

Yes, one of the big hurdles we are planning for is preventing down time or nuisances to the first floor businesses caused buy the renovations (installation of new electrical, plumbing, and HVAC system).

Which gave me an interesting thought for the group... i would love everyones thoughts about the value of " down time" in your business...

They have much more turnover and down time since most tenants use a 2 br as temporary stopping point.

If the market dictates a hike in rents, then in that case it might be better to even let the tenant go if he doesn't like it, maybe having some downtime between tenants, but having more history to back a higher value of the property for a sale/refi.

For our market in Destin, if you can try to close by Feb to mid March that is a sweet spot that gives you little down time until the season starts to pick up for spring break and into summer.