We are on the runway at full throttle, bank has fueled my tank, I'm just waiting for that Agreement of Sale. 

To reduce your appraisal risk at the refinance stage (into conventional or FHA) you can review comps ahead of time (active, pending, sold's) and you can pad your numbers to ensure your runway is cleared while you take on this new project.Some of my best BRRRR deals were done with HML or hard money/fix flip money to win the deal.

Upon searching online to find the property taxes to plug into BP Buy&Hold Calc, I found this:Sale Price Date OR Number Type Description Vacant/Improved202,000.00 07/16/2004 4388/400 08 Sales disqualified as a result of examination of the deed Disqualified (Doc Stamps Greater than .70/SP Gr. than $100) I100.00 10/15/2003 4283/428 04 Sales disqualified as a result of examination of the deed Disqualified (Multiple STRAP # - 01,03,04,07) V65,000.00 10/01/1996 2764/631 03 Sales disqualified as a result of examination of the deed Disqualified (Interest Sales / Court Docs / Government) I93,500.00 11/01/1993 2454/318 03 Sales disqualified as a result of examination of the deed Disqualified (Interest Sales / Court Docs / Government)Should we run way from this one?

Basically you get permission from the faa to build your own runway which can be a grass strip even and sell properties along that.

In the first year, does it require runway to get renters vs. the established competition in the area?  

Trying to get rate similar on fixed (this was a month ago) required a ridiculous amount of points. 7 years is plenty of runway personally and I'll still refi.

I probably have about $200k to allocate to additional deals if I have no other income coming in, which gives me runway for another 2-4 deals at 25% down + rehab costs.

This can work out if you have the run way and the market picks back up, however if you don't have the run way you are in a bad position. 

I can help but think you'll have a long, long, loooooong runway to see which cities are going to make the "finals list" and everything else.

However, fly-to markets like Hawaii are seeing cancellations and slower booking pace 3) Airbnb operators who have high rents and limited runway (less than 3-4 month of cash reserves) will be in a lot of trouble.