That makes a lot of sense.

Financially, the numbers make sense, but I need to have a proper inspection since this is my first home (and I'm going unrepresented) and the house is built in 1915 with some renovations that were clearly done by the investor selling the property rather than a professional.Question: Although  previous owner has owned the property for 3 years and rented to tenants previously, should I be concerned that the legal zoning is only for SFH?

One of my buildings was built in 1895 and needs a new foundation.  

For $4500 a month I can do a lot of marketing and for sure find two off market deals.Bob P  I’m not an agent, but I have done a lot of my own marketing to find sellers willing to sell me their house in a manner or price that would make sense for me. 

Couple takes on this: Generically speaking, yes it often does make sense to increase your loan amount for monthly savings. 

The appraised value is now around $690,000.Market rents were $1200 when I bought the property and my tenants will just now be paying that this October if that make sense.

If your material participation consists of mostly time to manage bookings, this may not make logical sense with a low number of stays. 

In the age of Uber and other disruptors the reason why 96% are sold by an agent is because it makes sense (end cents) - otherwise, there would be an app for that ;-)Here is the better question: how do you find a great agent?

Cashflowing $1,200 on a rental would be solid, but to do that you are going to need to generate cash from taking a HELOC or some other loan so it doesn't really make sense to me.

As someone else pointed out, it doesn’t have to be the greatest deal for it to still make sense!