My broker thinks that it has a great potential to be leased as an Executive Suite or weekly/monthly AirB&B.

Speakers include Dave Madonna, Executive Director of Sangamon County Community Resources (rental assistance, housing counseling and much more).

If you've reasonably accounted for that, and the numbers still work, then the only thing that should hold you back is whether or not you have the ability to execute the business plan.If you think the answer's yes, @Chris Ha, then get after it, son.

Hey Howard,CT Home Inspector and Dallas native here.

BRRRR is by far the best strategy but it can be hard to execute.

They might range anywhere from 2 to 3% for very safe core strategy (stabilized asset in first class location) to multiple double digits for the more aggressive value add or ground up development strategy (with more execution risk but also more potential for a higher return).

@Jin Zhang Assuming that your loan depends on appraisal (most are, except for cash purchases or very large down payments), you need to execute an extension to push the date out a couple of weeks.Here in Maine, and I understand elsewhere, appraisers are running VERY slowly. 

Figure out what actual problem(s) investors (or brokers or lenders or anyone) might have and then demonstrate ways that you can solve said problem(s)... connect the dots for them, and make them so glad you are bringing some solutions to the table and that you can execute on them.

I'm curious to what paperwork I will need to have in order to execute this properly.Calgary, Alberta

If you're ready to retire or would like to retire in 3-5 years and live off the cash flow then I'd execute the pay off / snowball plan.