In an attempt to simplify explaining the process, so it can be understood, I am leaving out details that I cover in other posts and in training.

@Chris Seveney Are you guys servicing the loans yourself, or do you have a vendor that supports this process? 

To identify demand hotspots for vacation rentals, we will use a two-step process: First, we will plot on a map all of the Airbnb listings on the island.Then, we will remove listings from this map that have received fewer than 30 reviews in the previous 12 months.Thirty reviews—why?

I definitely have some adjustments to make to my team and my processes for it to really turn into a worthwhile investment property.  

If you don't get any additional feedback, you should be able to call the City of Phoenix Planning Dept and assess the overall process, timeline, fees, and feasibility fairly easily.

Brand new to this process, thanks everyone!!

Buy a cheap distressed property every 6 months and rehab it into a rental then refinance it out to repeat the process again.

So, with minimal cashflow and minimal appreciation, you'd need to make your money in equity via an aggressive purchase.Personally, if I have to put 25% of my own money down AND also do a lot of the rehab work myself, AND the property won't cashflow much, AND the property won't appreciate much, I would want a bigger spread.

While I can’t speak to Albany market conditions, I can help with some of the initial process.

The LLC will minimize your exposure.So the real question is: what are you willing to risk?