If the property hasn't appreciated or you haven't completed necessary renovations, you might not get the refinancing terms you expected.

It is also important to keep realistic expectations. 

Negative $455/Month and at that price/rent point, poor historical rent growth and appreciation.What is the expected source of return?  

I expect that I'll be reserving time in various resorts and farming those weeks out to perspective vacationers, does anyone know if VRBO, or AirBnB, or some other site would be most appropriate for this approach?

I don't expect to be a millionaire overnight.

You should make sure that in the worst case scenario (no rooms rented out), that you will be able to afford the mortgage.Even though it's unlikely all the rooms will be vacant, its equally unlikely that all rooms will be rented out for a long time, room renters tend to move around a lot so you still want to make sure you're prepared for the vacancy, as Koren mentioned above expect leases under 12 months.  

I do realize that doesn't make me a know it all investor as even if I overpaid by 20%+++ in 2014, the REI market would have still treated me kindly.Anyways, I am wondering what your opinions are for getting into REI through Flipping in ATX for 2025 and beyond given the many forces that are at play in ATX including: 1- Interest rate cuts and the expectation that cuts will be a trend in 20252- Even with Interest Rate cuts, will this be enough to get people moving since they may be reluctant to move when they have 3% interest rates on their current home? 

When I have these questions, I try to think about what I would expect from my landlord as a tenant.

I expect this will be the first year I haven't bought anything since the early 2010s.

It turned out pretty great, the process took longer than expected but I ended up getting really great tenants in there.