Hi Marco will the refinance be at the appraised value right away or does the property first need to be seasoned for the bank to recognize a higher value than the purchase price?

Lots of moving parts...and it's wonderful to be able to start with a blank canvas and design exactly what you want to build (as opposed to retrofitting based on the restrictions of an existing older structure).  

It is very informal gathering with a mix of seasoned and new investors.

The tenant is an older veteran who is mild mannered and appears to have a lot of health complications.

If you have a pretty place that's furnished nicely, you can rent to students for more than $1100/bed, which can add up for large, older homes with many bedrooms.

For instance, my properties run about 1,500 in operating expenses, but its variable based on factors like seasonality.

We spend 6 months there in FL...usually in the snowbird season so we get the best of both worlds - mountains and beach!

Everyone is welcome -- from newbies to seasoned investors.

However many jurisdictions apply rent control to the primary if it is older than 15 years old.  

Understand the seasonality of your chosen area, as some beach towns have a strong year-round appeal, while others peak during specific seasons.Since you’re not prioritizing immediate cash flow, focus on properties with strong appreciation potential.