@Jessica Heller- contact  several  lenders on the  same  day - provide them  with the  same criteria -  get  some  quotes and ask the  questions you have  ...compare the date and the feedback received and then make a  decison on  starting the pre approval process 

You state that everything is equal but are concerned that not everything is equal...It's very possible to see a price spread like that even with comparable coverage but it's also vitally important you work with someone that has your back to make sure you understand your coverage before you'd have to use it.  

The most benefit for Real Estate in the US now would be smart contracts to exchange Title,Notes, Funds (stable coins) since the transaction time is super fast compare to our bank system today.

Simple answer is it depends on your market and what other comparables have @Natali Cobb.If you are doing a renovation already, then it makes a lot more sense than not. 

What if by the time I post there is almost nothing on the market in a comparable location of a comparable quality?

In this situation, I also think you would not be able to finance such renovations because all renovation loans will get their values off of "comps" - meaning, comparable properties surrounding the neighborhood. 

The tahoe STR rental activity is down this year compared to the last 5.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Comparing bids would be a good way to do sanity checks on pricing, If they have portfolios they can show you, that will benefit you a lot as well

I wouldn't go for a condo, as the HOA fees and restrictions could affect your ability to rent it out, and the resale value will always be lower than a comparable SFR.