You will need free slots dedicated for your range, all three wires.

Ive been fishing tournaments and renting homes in KW for over a decade.

There are number of ways that you can open up slots to continue to buy rentals via Fannie Mae financing.

Obviously the property rents better in the spring months (Golf tournament, Tennis Tournament, Coachella, Stagecoach.)   

@John D.How are you and your team handling the tennis tournament and Coachella cancellations with Airbnb?

Quick #’s- Lot 200k- Build Cost 350k (lots of sweat equity)- All in 550k- ARV 725k- Rent $4100Option 1 - Leave your DP inCF $1,100Cash on Cash ROI - 8%Option 2 - Refinance Take out all your cash and get extra 35kCF $450Two pretty great options.... we start construction on our first two in April... stay tuned for updates... if you want in on the next ones let us know, we may be looking for JVs to keep it going...

Also, the location of this home is prime as it is very close to Grand Park which brings in families for sports tournaments.

We just had the BNP Paribas tennis tournament in Indian Wells CA cancelled because of the virus.

Appreciation has been substantial for a long time for anyone holding 5 years or more except maybe for the 2006-2008 time slot. 

@Eddie D Estrada I was a pitcher, started against you guys in the Big Ten tournament in 2018 and against Mr #3 Overall Max Meyer in 2019.