Are you within or near a popular city?

$5k seems to be a popular number.

I'm more so concerned with how I can cash my money outYou can go with a local bank.You can use a portfolio lender/broker that doesn't require income verification.You can go with hard money for the upgrades and then a portfolio lender for the 'take out' loan.You could refinance based on no upgrades and just take cash out up to 75% of the purchase price or, after a seasoning period, use the appraised value.Providence is very popular and has few restrictions for lenders, so you should be good to do whatever you like with your good credit once the property is stabilized.Use the @ symbol and put it in front of the person's name you want to respond to and they'll get a notification or just use the ellipsis in the top right corner and click on "quote" and the person's post you're responding to will be in the top of the response like this one.Welcome to BPStephanie 

In my area those types of units have become very popular for small independent manufacturers as well.

We had setup a very high quality Airbnb unit in a popular vacation destination in Samoa.

It seems to not have been a popular building style around here, and much of what you will find is either very old, in not so great areas or both.  

I know condos may be popular up there, but there is no way I'd go in a condo deal with an HOA!

That isn’t necessarily popular opinion but it beats sitting on the sidelines for forever and is my personal approach. 

Once cities realized the popularity of short-term rentals, on came the taxes and fees...

I imagine you could also use that to see how popular/feasible it is too!