Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

Credit score is excellent and the property cash flows, so I'm hoping this will be a relatively easy process. 

The cap rate is one tool among many and this one is really only able to give an apples-to-apples comparison about the sale price across multiple commercial properties.

Glad to have you as a part of this awesome community, Simon! 

If you’re more aggressive, the BRRRR strategy can help you scale faster.

*Local Eyes – By collaborating with experienced realtors, contractors, and inspectors, you can source hidden gems and dodge expensive mistakesThe Renovation ProcessThe secret to fix-and-flip success lies in renovations that help maximize the value of the home without breaking the bank.

This number carries over into the two replacement properties.You don't mention capitalized improvements so I have to assume that your adjusted cost basis in the relinquished property is $230k. 

I suggest finding a good insurance agent and a good attorney/CPA to help you get everything organized.

I also would like to see this graphic.

But I’m thinking of getting into STR investment and become more active.I’m a complete newbie to short-term rentals (STRs) and eager to wet my feet in this area.