Which means I'm evaluating the possible exit strategies for a long-term hold. 

I had a similar strategy with my first few house hacks: buy in great A & B Chicago neighborhoods....get by with minimum cash flow, and wait...What's your plan for the next purchase Michael?

I'm looking to lessen the load of work and concentrate on my exit strategy sometime within the next 10 years if not sooner.

I think it's a great strategy.

What strategy are you thinking of pursuing?

Looking for any input or advice on how this strategy actually works.

Nightly rates: Yes, but the benchmarks should also be lower.Year 2 turnaround: What strategies could we implement to project a higher ROI in our second year?

if you know your stuff and know how to deliver a message and network by being consistent enough you will always close deals!  

It can be a long process over time with multiple dynamics you have to be on top of consistently.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.