We'll see it in about 4-6 months that this economy isn't as strong as the market suggested it was.The market is playing the fiscal side, the economy is playing the labor & debt side.

Doing your own general construction for a rehab project can have several advantages but can be very costly attempting  without having knowledge and experience.1.

@Chase Wright, if you're starting out, most experienced investors would agree with me that you should house hack your first deal to gain experience.

If you have little to no PM experience, then you're better off hiring a professional PMC.EVERYONE thinks it's easy to DIY property manage - until something goes wrong and you have no clue what to do!

Finally, I don't know what experience you have in real estate if any but you clearly think outside the box and it's a valuable trait to have, whatever you end up doing in the world of real estate or beyond.Hope this is helpful.

The forums, where users can ask questions, share experiences, and get advice from experienced investors.

I will tell you from experience that the squeaky wheel gets the grease in this process.

I have experience with STR, MTR & LTR and I live and work here in Escambia county. 

This forced appreciation with a heavy value-add should be great with a long term buy & hold play.2) Cash out refi & purchase a vacation home via a 2nd home loan. 

We have also partnered with a reliable general contractor who will be investing in the project and has extensive experience in mid-scale hotel construction.