Their place is in the Panorama Park area. 3/2 fully remodeled with a salt water pool (entertainers pad for sure).

The OP and I happen to reside in the same market, and I am attempting to offer advice that I believe applies to this market and rationale that I think can be applied with a grain of salt globally.

Of course, I am not a cpa or an expert in this, so take it with a grain of salt.

Proximity to salt water will increase your maintenance costs (paint, deck, woods, HVAC, etc).We have an STR in the Outer Banks and we learned this lesson our first year.Mike

I have also been checking Zillow (with a grain of salt) and have seen similar properties go anywhere from $2,300 to $3,000.

: a)All owners or persons having care of any property bordering any street, highway or public place within the city, shall, within the first eight (8) hours of daylight after the end of any snowfall, or the fall or deposit of snow or ice on the sidewalk of said property, from any cause whatsoever:(1)Remove or cause to be removed all snow or ice from a path not less than three (3) feet in width the length of the sidewalk of the entire border in or on said street, highway, or public place, including from any pedestrian access ramps cut into street curbs bordering said property and, for corner lots, from the portion(s) of the sidewalk extending past the property to and including the street curb, and provide for the treatment of any snow or ice remaining on any shoveled sidewalk, with sand, salt or other suitable material;(2)Remove or cause to be removed all snow or ice from around any fire hydrant on the sidewalk bordering said property; and(3)Remove or cause to be removed all snow or ice from the opening of any catch basin bordering the sidewalk of said property.

This year our goal is to start implementing at least 4 new marketing channels - 1 per quarter and have a higher volume and more consistent deal flow.One of the challenges of participating on a discussion forum like this is that you have to take everything with a grain of salt.

Take everyone's perspective and suggestions with a grain of salt, but always try to remember that the people on here genuinely want to help and give based on their experiences.

Because of this revenue from the last 1-2 years should be taken with a grain of salt. 

Please take this with a grain of salt from a newbie.Here's what scares me in your summary:      "Let's say..............we have it appraised for $875,000 which I think is somewhat reasonable with the upgrades and the appreciation that are is seeing."