@Hamp Lee III, Thank you for the words of encouragement and different approaches and using your experiences to help give me a good idea on what I can do as well. 

Hi all, I am located in Denver and was curious if anyone has experience with completely renovating a home vs building a brand new one.

This will be having a value proposition that makes the experience that is better than expectations. 

I have 25 years of management experience and am looking to apply that to real estate investing.

Construction experience is going to be key here. 

Affordability: Oklahoma offers affordable real estate options, making it easier to acquire properties in the desired price range.2.Rental Demand: OKC has a steady demand for rental properties, particularly in the affordable housing segment, which can ensure a consistent income stream.3.Economic Growth: The state's economy, including sectors like energy, aerospace, and healthcare, contributes to a stable job market, attracting renters and supporting property values.4.Investor-Friendly Environment:Oklahoma's landlord-friendly laws and reasonable property taxes make it favorable for real estate investors.5.

I'd do higher density infill and go as vertical as possible. close on the cash land and then entitle it and seek partners. that's how we structure every deal. without land you have nothing. without a balance sheet you have nothing. if you don't have those then find someone who can bring all of that and bring the boots on the ground and the experience. 

As for my Smokies properties I am experience something different than others and I will wait till May closes out and I have solid, unchanging and complete numbers (Gross, ADR, Occupancy %) to report what I am seeing versus previous years.  

Each property has an appraisal, photos, videos, full inspection report, along with a full ROI report for each acquired property before they are marketed. 

Aside from the traditional example of acquiring a 2-4 unit property, there are other creative methods of house hacking.