When you talk about path of progress that is important to upside/appreciation, but I place a higher focus on finding "value" from the start.

Good problem to have but I want to start paying off some of these loans to increase cashflow and make us impenetrable during a market downturn.  

Where can I go to borrow money to give the contractor in order to get the project started?

That's a pretty nice layout to start with.

When my daughter started a STR company in NYC in 2013, most bookers were people looking for rooms that were cheaper than comparable hotel rooms.

Pandu Chimata, you're off to a great start!

Read your original post to a person who started this thread. 

We feel like this gives us a pretty good background to start, but by no means do we think we know everything we need to yet.The area around UCF has improved quite a bit in the last 10 years and home prices have risen considerably, but it seems like there are still some promising areas to find deals.

As a reminder, bonus depreciation started to phase out in 2023.

Sometimes its easier to knock down and start over. :)