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 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.

I first want to emphasize to real estate investors, the difference between the tax treatment of rental income derived from an active trade or business compared to investments.

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. 

I needed to replace one, and they are very expensive compared to a standard 30” model.

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.

Has a ten-year-old roof 3-tab, but the condition is more deteriorated compared to its relatively young age.