You need that data point. 

For example let’s say in your market a water heater replacement costs $1k (my market is ~$1500 if using license plumber but our water heaters are different and more costly) and last an average of 12 years (our actual data going back almost 50 years places average lifespan just under that for gas water heaters).  

Once you have the data, you can make better sense of After Repair Value of the property, then decide to cut your loss or hold/rent it. 

But, maybe that is just the way this particular lender integrates data...

I also look at data from AirDNA but I'm uncertain about its accuracy for my area.As this would be my first time doing short-term rental, I would like to gather insights and feedback from the community at BiggerPockets, those who own properties in my area.

:P That helps back up our decision to sell the property.Well, I am also in the business and part of my job is having access to the data.

Many Realtors will fill out the paperwork (like the MLS data input / property information form) for their clients but never read the fine print.

My team and I host over 100 properties here in northern Utah and I use this data and the data of my own personal properties to help clients purchase successful investment properties.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

But I also will educate people on having half a brain and understanding that what has occurred the past several years is not how real estate really is and recency bias kicks in.Share with me some statistical data that shows investing in real estate with no money is not as risky?