I have two questions and I thank on advance anybody that gives their perspective and advice. 1) I don’t know if I’m looking from the wrong lens but are you supposed to use the income approach method.

We use Len Theran who is great, always enough to do ALL the work.When you keep that much in reserves, would it make any sense to schedule upgrades on a regular basis then when you have  more than enough...another property?

You have to fight that feeling of scarcity minds set and look at investing through the lens of an abundance minds set. 

Even though I knew the content, seeing it through the author’s lens allowed me to get the bigger picture.

Other people call it inflation when they view the same economic force through a negative lens, like renters.

I prefer a wide-angle lens and make sure you can always see both the ceiling and the floor in all the photos. 

We're are looking at this through the lens of turning this property into a short-term rental (provided we could stay within the city and state regulations).

IMO to invest in a hot market you need to have a long lens and look at RE as a long term play - not a get rich quick play.....   

Looking at it through the lens I'm familiar with, you might consider approaching tired landlords who would benefit from getting out from under the hassles of being a landlord but appreciate regular monthly payments if they were to carry back the financing.

So if a lender is only willing to lend X on the home per the appraisal and the seller wants 2X, a buyer will be coming out of pocket so much for a down payment that the deal likely won't make sense anymore.You can 100% think of an Airbnb as a business and analyze it that way, but remember that for a future exit strategy, you may not have future buyers looking at it in that same lens.