Good luck and congrats on getting started.

Welcome to BP Richard,These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.

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

@Don KonipolSo we have a short term loan with someone and as part of the loan they paid all the interest upfront (12 month loan), loan is maturing and they have extension options (for a fee) - they asked about the extensions and we said it was X amount for the extension and you would also start paying the monthly interest as well.They flipped out and am like what do you mean I have to pay interest ?

I’m looking at Denver as an option to get started with my first Airbnb.

That's not a good place to start.

That money is slowly starting to dry up and values are getting soft.

none of them. get closer to a capital market and major city within 30 miles. all of these are too far. look at homestead or north of palm beach county, closer to tampa, etc not an hour away these are over delivered and new builds from tract builders are selling for less than 200 per sq ft right now in some of these markets rents have softened. there's no jobs or macro city that's driving these areas. these are softer markets for BTR than other ones. get more involved and directly contract with builders. miami dade county, even Orlando has better 

We are starting to sell cabins individually and transition into property management, which will enable us to grow and decrease our workload.

A a basic starting out foundation what is a good percentage of ARV that ii should be looking to offer on properties in the Phoenix (Valley) area.