Will cash flow $128.79 according to the BP rent calculator, and will easily comp out at $235,000

it seems that Airdna is basing their calculations off the other STRs in the area which are mostly low level properties and not lake side. 

Recognize if you are relying on non enforcement of rules, you are taking on a risk (investing is largely about calculated risks).Enforcement may vary by location but should not. 

Until then, no need to make any estimates since the amount of gain can't be calculated.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.

You state the numerator is “units in the area” but that sounds like existing units, which is what’s calculated in Step 2.

If the bill is $100 a month split between four units, increase it to $120 and charge each tenant $30.How to calculate charges.

As far as calculating cashflow, I would still suggest considering all the PITI and other overhead expenses.

My main Partner is Chase because gives the biggest limits great when it comes to building a relationship and getting BLOCs and other things also would recommend local credit unions biggest thing you always need to figure is the banks Cap of what they are willing to lend until they need everything Chase for example is 150k Citizen Bank if in area a great one for Blocs only require bank statements to calculate how much you can qualify for.