This is true regardless of how long you have owned a vacation rental. 

If you are looking to list the portfolio, the agent could do Loopnet and the MLS.If you are looking for a private sale I have a few investors that I could shop it to, as well some private groups that I am a member of.

I was an electrician for over 20 years with my last electrical job being shop foreman for a custom electrical control panel shop and UL 508 specialist.

That is for true commercial properties and LENDERS do not look at value that way.

@Steve Meyers I’ve been running this with some success with a local cincinnati agent on 2+ units and nationally with a commercial broker for shopping centers.

It was a true chestnut log cabin, circa mid 1800s, right on the Roaring Fork River in Gatlinburg.

I pay attention to local amenities like shops, parks, and restaurants, because they make the area more appealing to tenants.

I'm not saying you're doing this, but people will often make the mistake of looking into the highest priced rental unit and making that the "market rate" but it's often not a true comparable to the subject.

I do not know his entire situation, this is true.

Yes, you will need a cash or PML to buy the house, but it is true of any real estate transaction with the exception of wholesaling.