Seems like this project is more of life-style business.   

We have done some analysis on the place - there are a couple of comps on the lake and in our neighborhood that we can compare and I feel confident that we can get an excellent nightly rate and brisk business - we are going to buy a jet ski, bikes, kayaks and a pontoon that will be rentals - the entire place will be a laid back, party with style...BUT, if the economy crashes - I figure the worst that can happen is that we've upgraded our life.Basically, the HELOC would add about $600 to our monthly bills - which is incredible - and since our house was almost paid off, I did the comps on ARV and I figure we will near double our home value - so for no cash out of pocket, the worst thing would be that we aded $600 to our monthly bills but nearly doubled our home value...So...even if the economy crashes - my partner and I both have day jobs...sooo, I think we should be pretty smooth sailing...BUT...as I said - I am TOTALLY new to this and would love feedback, criticism, word of wisdom, or a pat on the back (hopefully...).Thank you all!!!

Property management style can be different market to market.

Read the posts to see if their phrasing or writing style works for you and then reach out to them.  

However being in the industry it works for some and for others it doesn't depends on how your ownership style is. 

Thinking carriage style to get parking on first floor.

Purchase price: $4,100,000 Cash invested: $1,650,000 (20) 3BD/2BA 1,400sf TH Style units What made you interested in investing in this type of deal?

I was going to buy an Arason Brussels or Essex, which have more style and are simple to open. https://cabinetmurphybed.com/p...The main thing is how easy it is for the guest to open.

If this all works out Ideally I would PCS in a year and I could rent both units out for 1300-1500 each plus even convert the garage into an Airbnb.Cheyenne is increasingly cracking down on dormitory style living.

I understand this varies based on your goal with the property and your investment style.