I drove across town to one rei club meeting and paid $20 to hear a presentation by an appraiser that taught me nothing as it was very basic...was supposed to tell me what people are paying up for locally per the advertisement but he couldn’t answer that.

Best of luck   Yup basically advertising for coaching services..

Although I conducted a basic septic inspection during the closing, and the system is in good working condition, it still failed the STR inspection.

It has basically printed money for me from day 1.Fast forward to today.

It basically exempts the first $75k of value from the assessed value for the millage (among other things). 

It was a great crash course on the basics of a RAL business from location, staffing, patient selection, and branding.

@Ty Coutts I agree it's to high , searching for new lenders or PML , I didn't account for maintenance because it was basically a full gut , everything is brand new. 

It will familiarize you with the basic terminology and benefits.

If I sell the property for 130K, after assciated closing costs, I will basically break even.

The problem is that your debt payments are going to basically wipe out that $400K profit unless there is room to increase revenue or reduce expenses.