Those holiday numbers are a bit low, those daily numbers are a bit high. 

Focus on long-term rentals in affordable markets with reliable cash flow, and steer clear of high-cost flips, lower-class properties, or overleveraging in areas that rely solely on appreciation.Good luck!

The neighborhood has been flourishing, making this incident highly unusual.What initially drew me to the property was the potential for high rent and strong cash flow.

However the key is making sure the numbers pencil out so that, at minimum, even in the worst case, you can pay back that heloc because interest on that is going to be very high.

Keeping our overhead low and estimated revenue high.

Yes, I have been involved with several "mold" properties that still had high mold levels after remediation.  

Those remote flips and high cash flow rentals are so tempting on paper, but they rarely go well in reality. 

We pay $850 for a WH install, so, that seems high but you are in CA.

DSCR loans go up to 80% of the purchase price and depending on the Debt Service Coverage Ratio and your credit score you can expect rates on a 30 yr loan ranging from High 6%- Mid 8%. 

Go as high as you can go legally. 4.