I am interested in Xero as well. 

They all appreciate but peninsula is more stable in downturns and recovers the fastest, I witnessed this myself in 2012 further in east bay was still about 40% down and peninsula and "tech" cities already recovered fully.I am not sure you need a loan or not, recently I asked my mortgage broker he told me for a second home it would need to be at least 50 miles away and also in a city known for vacation activity .   

Pulling from Paul to pay Peter is never the best strategy unless it's part of a long-term, well thought out, high equity plan.

It's going to cost about $550k to build and it has already appraised well over $800k.

Another exit would possibly add 5 more wells and sell individually after renovations..Sorry for the long post but I'm hungry to get started and feel like this can be helpful Central Florida

I'd love to get some info about the Philadelphia market as well.

Proof of vandalism could be brought to law enforcement as well.

We are each willing to put down as much as $50k for a downpayment.We are also open to considering other markets as well, but Florida is a place we'd like to live in. 

Anything over 30 days is considered a long term rental, so you will need a lease, do background checks like you would with a LTR.You could do well with that strategy. 

If you mean "how often do LPs try to sell their positions," I can count on one hand all the ones I can remember, and that's over more than two decades, $400 million equity, and well over 2,000 investors.