I can do a lot to help you, including educating, researching, negotiating, and acting as a second set of eyes on your analysis, but I don't feel it's appropriate to be the one driving the decisions that are at the heart of your business.  

Time will tell of course.And I don't see how being next to the levi stadium really makes that much difference in appeal.. folks work during the week 9ers play on Sunday... although it will boost the local bar and restaurant business on game days..

With a holding agreement you are able to simply refund the deposit and walk away whereas if you had a lease, you would then need to provide housing (basically a hotel) to the tenant until the property became habitable, etc. or find them substitute housing.Our execution deposits are larger than $300 so we get the best of both worlds.If you opt to skip the holding agreement and go straight to the lease it can delay the process and result in the resident backing out due to change of heart or they may have challenges coming up with the deposit money (this should be rare as your ad should state the deposit terms). 

Your thoughts are taken to heart!

I used to think it had to be in the heart of Denver to work, but I've got some clients who rented out a bedroom in their Lakewood home and made enough in one year to buy their first investment property. 

I imagine it took a ton of work and heart ache at times but clearly you persevered and took the ugliest house on the block and made it the most beautiful!  

Being able to pull your renovation money out through some sort of refinance would boost your cash on cash ROI even higherUnless you have a better opportunity to chase why not? 

I don't know what your annual income is but it sounds like a boost in income will significantly help.

Looking to invest in a small vacation or year around property in the heart of Kenai?

Once you two are settled and doing OK, then work on the third place and get it fixed up.I look at things a little differently...home is where the heart is...especially if you're moving your Mom in with you.