Quote from @Andrew Steffens: I think going into an STR purchase with reasonable expectations of cashflow in this current market and rate environment is admirable. 

To clarify, if my debt on my current SFR rental is 225k i need to acquire 225k in the new property? 

As far as rate is concerned, you can usually go about two points over the current rate (less closing costs for a seller financed deal so there is no real expense there) You need to make sure the borrower can cover that.

Current Construction Co. and Resolute RDM have acquired this development project in Lebanon, MO.

Currently being leased, but expect my total cash on cash return to be above the number I target.

If a Room for Rent is worth $1000/month, then reverse amortization at current interest rates between 6.5-8.5% for 30 year mortgage would set the price between $130,000 to $158,000.

That's what I'm currently looking for as I search for deals.

I still owe about $140k on the current condo.  

what is the current rates for island loans?

I currently work with investors building their portfolio with Turn Key investments.