@Chad Rocke Thank you @Chad Rocke for your advice and for the information.

I have the money to pay off the 100k and rock solid cash flow.b.)

Hey @Chad Rocke, Thanks for the welcome and your reply.

Short term rentals are typically tight in terms of cash flow, but appreciation is stable and there is a finite amount of land on the rock! 

Since this is a bigger project than we have done before we plan on hiring a contractor to do the major work; demo, framing, electrical, plumbing, and sheet rock.

Since this is a bigger project than we have done before we plan on hiring a contractor to do the major work; demo, framing, electrical, plumbing, and sheet rock.

DO: Hire a rock solid cleaner Cleaners are the lifeblood of your Airbnb and having a clean space is ESSENTIAL AND A NON-NEGOTIABLE.

We were able to cash flow ~$2-$3k while living out of an ADU.Some other experts to chat with about this in the Denver area would be: @Chad Rocke, @Craig Curelop, and @Ian Jimeno. 

Even in little old Centerville which is about 2 hours outside of Round rock there is an apartment building selling in low 7's cap rate.

The Austin-Round Rock MSA saw a change in median home price from $537,475 to $515,000 a month to month decrease of $22,475 and an 8% increase from the previous year.The following infographics and data is courtesy of the Austin Board of Realtors:Housing inventory continues to slowly climb and now shows 2.7 months for the entire MSA which is a 1.8 months increase over the preceding year.