Has anyone had success with this strategy?

Some will probably disagree with me... and I know success in investment requires taking on of risk... but I think you will really be glad you took time to really educate yourself before jumping in.

It's so refreshing to hear from people who are successful in REI and optimistic about it.

Congratulations, and may you see success in your business.

If the project is a success, all is forgiven.

The more capitol you build the better chance your success in real estate will be!

I will be working to accomplish this goal and will let you know when I achieve it. 

let it stay as a WRONGLY APPLIED "primary home owner policy" for now with insurance company with the risk that the 'proofs' that the ins company will demand may not be successfully met.if insurance finds out its not a primary and then cancel policy - then they tell lender and lender creates issuesGet the current wrong policy changed to "seasonal home policy now" and DO NOT change it later and while renting out the place - ensure that renters have the renters insurance policy.So far inclined towards #3

I am not sure if it is achievable (It only my first buy), but that's the plan. 

So, my partner and I bought an abandoned, undervalued, underestimated property in Marfa TX and with no experience, contractor or designer, created a successful boutique hotel, applying an entirely new Airbnb only model.