You then have to decide what fits your investing style and lifestyle more, you could sell and use the money to brrrr, or buy a turnkey investment or you can keep it and use the cashflow for other things.

You will learn so much more from the conversations doing that versus asking them how to do their style of investing. 

His product is townhome-style multi family, but its definitely stick-built.

Every local government has their own definitions and rules that you need to understand and work within.I have had clients find success with a lockoff style unit and a kitchenette.

You couldLooks at lender that offers Fannie home style as those costs less but at your score rate would be higher.

I loved all the thoughts and Indepth strategies shared by each on their particular reasoning on an investment decision virtually covering all asset classes and investment styles. 

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.