Starlight Horizon is the Crown Jewel in the portfolio. We came across this property through our broker relationship. The previous owner had held this property for 10 years as an underutilized mobile home park. We saw the potential for the property to be turned into a modern cabin short term rental destination. Including purchase price, closing costs, and the $1.1M renovation budget, we spent all in about 30% less than comparable short term rentals in the area, and include more amenities than the competition can offer. We are in the process of installing a pool, clubhouse, upgraded lighting, signage, and premium interior renovations for each cabin to turn it into the most instagramable destination in Canyon Lake. With these upgrades, each cabin should generate around $3,500/month in revenue. Across 14 units, that will raise the value of the property up by $2.8M on a 9.5% cap rate valuation, producing $18,000/month in cashflow after all expenses and mortgage payments.