I like how you have it structured but I am curious what the pit falls are.25% is very hefty, but if I rented M2M in the summer, I would rent every single property to transients that are only here for the summer and I would be swamped with vacancies in the fall/winter. 25% increase adds up to an extra month of rent after four months, which off-sets the owner's risk of sitting vacant for a month in the winter.The thing is, I am not desparate enough to rent short-term.

Where you sit on those subjects determines how you coordinate activities on a project.For me, I do not have a strong passion into growing skills into learning how to roof or tile for example.

I've gotten 8 quotes and had sit downs with each company providing the quote. 

The house, land it sits on etc. are just somewhat related to that contract and those interests.When you CAN get into trouble:1.)

If you didn’t provide a washer/dryer in Vegas your property would sit on the market at least an extra 2 weeks to a month each turnover costing you $700-$1400, plus you’d get lower rent, plus you’d risk damage as these items are moved in and out.

That way, you utilize your equity when you want it and not have cash just sitting there in a bank via a refinance. 

I want to take action and not continue to sit on the sidelines but would like to hear from others that might have been in similar situations in the past.  

Only thing holding me back is the opportunity cost of having that cash sit in the property 6 months- 1 year before I refi, as well as the capital gains that are triggered to pool the money together although this May still be the most cost efficient way to go as the hard money loans are much higher rates...

You may have to sit it out and just build up your investment fund for 6-12 months while you look for unicorn deals that haven't hit the market.

@Linda S. It