This will be having a value proposition that makes the experience that is better than expectations. 

@Hamp Lee III, Thank you for the words of encouragement and different approaches and using your experiences to help give me a good idea on what I can do as well. 

Hi all, I am located in Denver and was curious if anyone has experience with completely renovating a home vs building a brand new one.

I have 25 years of management experience and am looking to apply that to real estate investing.

This trend has fueled demand for rental properties, particularly in urban areas and multifamily developments, prompting investors and developers to focus on rental housing options tailored to Millennial preferences.Desire for Community and Shared Amenities: Millennials value experiences over possessions and seek communities that offer social interaction, connectivity, and shared amenities.

Construction experience is going to be key here. 

Aka it was a bad experience-Did I sell these at a profit that then allowed me to grow my portfolio faster than projected?

As for my Smokies properties I am experience something different than others and I will wait till May closes out and I have solid, unchanging and complete numbers (Gross, ADR, Occupancy %) to report what I am seeing versus previous years.  

I'd do higher density infill and go as vertical as possible. close on the cash land and then entitle it and seek partners. that's how we structure every deal. without land you have nothing. without a balance sheet you have nothing. if you don't have those then find someone who can bring all of that and bring the boots on the ground and the experience. 

No experience here.