VRBO's Market Maker tool is awesome for this.

With $100k in this market there's multiple routes to go.

Some of the properties could be better off in both exterior condition, as well as units rented (which is currently probably at around 50% or less). 

But my background and experience is in Business Development, and Marketing Strategy in close integration with sales, so I figure I at least have some transferable skills that'll allow me to make the most out of property as an asset class.

Looking to build in Truckee, what are current market construction costs?

Not sure if you have a direct question, but reading the questions between the lines on when a property is actually considered to be in service.Facts and circumstances.Generally for a rental property it is "in service" when it is "ready and available for rent" - meaning you are marketing it for rent, and a tenant could utilize a property that day.

Also this property is off the market ive looked on zillow, realator, etc

Our local market is still very competitive if in good condition, good location and priced right.

I would just be cautious about taking on such a high cost basis this late in the cycle because when we see the next buyer’s market it will probably cut into your equity.

I have three of them on the market and we are selling all three together.