So, the extra unit may cost you more then it brings if you cannot access equity or if the market discounts the property when you go to sell due to financing available.

I provided a free rent back for 2 weeks so the seller could get her funds and relocate.

You can include moving and storage costs in the charges.

If the raw land is worth $1.4M–$2.03M as you mentioned, you’ll want to make sure there’s enough spread for an investor to feel comfortable, especially if they’ll need to front construction costs.

We used to hire a company to balance the chemicals and my costs were almost 2K per month.

Another effective strategy I use is a "Book 2 midweek nights, get the 3rd free" deal.

That is part of the cost of investing.  

Plenty of free resources to assist with this. 

We're part of STR Secrets so if you've been checking out that group feel free to reach out!

Meanwhile, you'll have that cash out that you could buy an investment property as well.If you need any help calculating or mapping out what you could be eligible for, feel free to reach out.