I've read somewhere online that you should do the latter, but at the same time if I were to calculate ROI as if it was a potential new purchase I would base the calculation on the downpayment, right?

I believe Beaufort has potential STR destination capabilities down the line.

I know a couple of flippers doing well in the Bay Area but wouldn't flip anywhere - attempted it in Indiana but too risky with the potential return of $20,000 to $50,000 at best so got out of those deals. 

We hear frequently from former members asking if we'll be re-opening and those potential guests lamenting the fact they haven't been able to visit us.We've a couple of younger former associates and a couple of new ones who wish to join us in managing, maintaining, marketing and hosting at the venue. 

I just wanted to add that if your spouse qualified as a real estate professional, then you potentially could take the write off :) Its worth something exploring! 

Consider the potential equity loss and cost to originate another loan versus your REI goals. 

And naturally I want to focus on areas that provide the highest profit potential. 

You're speaking my language ; ) We've been buying and renovating properties that have ADU potential for quite a few years now and about a year and a half ago converted one of those ADUs to an MTR and it is working out great.

However, that doesn't mean there aren't good investment opportunities available.Richmond has a diverse real estate market with several neighborhoods offering potential, though it might require looking into properties with different strategies in mind.

This, coupled with the ADP data is giving traders reason to bet that Friday's Non-Farm Payrolls will be better than expected and potentially give the Fed enough data to start tapering on Sept 18th.