You're likely looking at a 25% down loan for a non-owner occupied. 

Once you decide on a contractor I would keep the fire marshall in the loop as to the scope of work and the timeframe for completion. 

Option 1: The loan that the owner has is an assumable loan at a 3.875% rate and still has about $265K.

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

Also make sure your home owners is not just a regular policy. make sure it is a STR HO policy.

Ok Im officially deciding to go down the wholesaling route now I'm currently working for a company locally to wholesale. 

The owner is friend of mine, really good dude.

Find parks in the area that have open spaces for mobiles then negotiate with the park owner for 6 to 12 months free space rent or for them to pay the moving costs. 

Now the island has limited owners to one guest per month.

This phenomenon not only poses significant risks to property owners and managers but also threatens the integrity of rental transactions.