Gordon, did you ever go forward with the refinance to move on the boutique hotel?

The Austin metro was among the hottest destinations in the country for where people were moving last year, according to the latest annual ranking from U-Haul International Inc.Austin ranked No. 5 among the top U.S. growth metros in 2024, and Texas was the No. 2 state for move-ins — bested from the top spot after three consecutive years by South Carolina, according to data released Jan. 2 and Jan. 3.The Dallas-Fort Worth-Arlington area took the crown for the top growth metro in the recent list, followed by Charlotte, North Carolina (No. 2); Phoenix (No. 3); and, Lakeland, Florida (No. 4).

My question is when applying for the lease, most properties in my market are run by a management company.

These are all different moves you make on the REI chess board.

I am likely moving towards selling a unit of mine.

Would it make more sense to move the money we make from selling to a different property that could potentially increase our cash flow? 

If you buy a property with a tenant already there, what if the home needs a lot of rehab when they move out?

We have been around the bigger pockets community for over a decade now and have more 5 star reviews on bigger pockets than any company on this website in any industry (>270 5 Star reviews).

Luckily the market had moved in his favor so he was able to sell and didn’t lose that much money.

For a variety of reasons, including keeping this potential project "need-to-know" only right now, I want to get a ballpark estimate with full understanding that the goal posts could move in either direction as the project gets more discrete.