.#3  You may want them to go do a quick visual inspection of the house before you make your offer....they may be able to keep you out of trouble before you even get started.#4 They can provide you comps for both the purchase and rents, and perhaps verify rents for you of current tenants.#5  They may be able to provide location expertise and inside knowledge of the area for you....the good, the bad, the ugly.   

In order to authorize a change in noncon­forming use, the Board of Adjustment shall consider the relative impacts of the existing noncon­forming use and the proposed nonconforming use with regard to traffic, noise, pollution, visual appearance and compatibility with the neighborhood, and shall make the following findings:1) The proposed use is expected to result in impacts which are less than those associated with the existing use.2) The proposed use will be more compatible with the surrounding neighborhood than is the existing use.3) Approval of the change in nonconforming use serves the public health, safety and general welfare.4) Failure to approve the change in nonconforming use would result in a hardship to the owner of the property on which the nonconforming use is situated.An existing nonconforming use shall be discontinued within 60 days of the date of approval of a change in nonconforming use.

can you share a map to visualize the location? 

Here's a simple example (because I'm a visual learner lol):Assumed ARV = $115,000Purchase Price + Cost = $45,000Rehab Costs = $35,000All In Costs (total above) = $80,000 financed fully by a HMLBut then the appraisal comes back at $100,000 and you're only able to obtain an 75% LTV, meaning you'll only cash out $75,000.

Inherited properties tend to have - obviously perhaps - a lot more emotional dynamics and that in and of itself could affect your profitability.

Don't use a fixed nightly rate and ignore dynamic pricing.

Thanks Shiloh, I really think it’s a family dynamic among siblings that could be holding everything up.

Not saying the OP is going to have the same experience but listening to people in other parts of the country that have no clue as to the dynamics of Bay Area real estate and would just jettison a home over 1500 a year not sure i would be listening to them.     

And SF is not Detroit of the 50's.... the dynamic is very different.

But pricing is so dynamic these days it's hard to know what's right.