Hi Rene,I have received four quotes so far:First Quote: $90,000 ($273/sq ft) or $100,000 ($303/sq ft) as mentioned in the initial posting.Second Quote: $92,000Third Quote: $158,290 (Including Interior Design)Fourth Quote: $140,000 - $150,000I plan to go with the first quote/contractor, as they've previously done renovations in the house, and I appreciate both their communication and work quality.

I forgot to mention that the arbitrage renter is a very experience host with good reviews for many years and with a team in place.

As Nathan already mentioned, it's tough to provide guidance without your goals, skillset, etc.

It’s worth weighing that against the benefits of accessing that equity for future investments.Since you’re considering DSCR loans, that could be a strong option, especially if you’re focused on rental income covering the mortgage—no personal income or DTI requirements needed not to mention the easy qualificaiton process compared to conventional.

A few good suggestions already mentioned here, but I have see many advertise on Nextdoor app too.Any financing questions let me know.Good LuckCraig 

If Newburgh sees valuation like Beacon did there still could be opportunity, however like I mentioned the people betting on this already did it years ago. 

I know you mentioned you do not want to live in the property.

I should also mention that my main goal right now is cash flow rather than appreciation, because while I love my job, it doesn't pay me the income Id like.

You mentioned costs might be higher than what I think, can you explain that a little more?

Our rates actually went up a little bit yesterday even after the rate decrease.As mentioned before, I'd focus more on the deal and if it works.