1st step is to make sure that the electricity is rated for having electric heat by the electric company.

Monthly payment is 1900 with a 6.5 rate and would rent for 2500

And it doesn't seem to spoil the charm for couples on a romantic getaway.We've been able to raise the nightly rate 2-3x with better occupancy. 

I think @John Underwood and I who own lake front properties might be able to help get you a baseline nightly rate.

I agree that the upside here is knowing most of the mechanicals need to be redone upfront, so there should be fewer ‘surprises’ along the way.Setting aside a solid contingency fund is a must—do you have a rule of thumb for that?

Rental rates are fine for SFHs - I haven't had to drop my rates whatsoever with turnover, nor have I had a single tenant try to negotiate a lower rate. 

We are actively managing two fund offerings, one focusing on real property (REO and off market properties), the other focusing on Pre-REO (vacant first mortgages).

I think there were very very very few people who thought interest rates would go from 3 to 8% in about a year. 

If Airbnb is your best option, choose a location with high occupancy rates and optimize pricing with dynamic tools like PriceLabs.

If AYPO isn’t engaging, consider switching to AceableAgent or Champions School of Real Estate—both are highly rated in Texas for interactive content and exam prep.