My time is invested identifying the areas and properties that are both eligible for a vacation rental permit license and likely to produce investable rental revenue, but beyond negotiating and supporting the transaction, is the facilitation, transition and optimization to an active vacation rental.Here are some key points for out of state investors of nightly vacation rentals to consider that are just as essential to success as the 'right' property:- The RIGHT People  Operating an AirBnB or mini hotel is hard work and it takes a tribe.

The outcome is that I have fantastic tenants, and a cashflow producing property that has helped propel me in my investing journey.

By my count, that's probably close to $1,000,000 in non income/cash flow producing debt. 

You may need to use innovative tactics and investigate other funding sources in order to attain such quick development.

@Chris Schoonhoven, Columbus Ohio is a great RE market.Speaking of Hilltop, you need to find the sweet spot, I own duplex there and is one of my favorite, not really in Westgate, but that particular block is nice with home owners who take care of their properties, purchasing price is low, tenants there are low-income working class, I did serious tenants screening, and am very happy with the ones I have, it produce the most profit out of all my investments.

Keep in mind Americans are consumers, not producers.

Only funds placed into an OZ within 180 days of the sale that produced a capital gain are eligible for the OZ tax benefits. 

This  would allow me to pay down an additional $40,000 of debt, leaving more funds from the cash out refi for rehabbing a non-income-producing garden unit in another building that I have sitting there.

Think bigger than that, put your money to work for you and buy income producing assets or invest in other ways that earns more than what you’re paying for on your mortgage.

Question to the apartment owners, management companies, single family portfolio investors and the like.Would installing solar panels on your income producing assets make sense if there was no upfront installation cost and you could "bill" the customer for electricity that the sun produces for each property?