Would only do if double your $21/1,300 sqft annual revenue after costs.

You can lookup annual revenue estimates on airdna.com for short term rents.Havasu is a great location, I am looking there myself.

Don't underestimate the revenue potential from this property as a STR. 

@Nate PucelThis will get answered based on the contract you have with the roofer and possibly your insuranceTypically a contractor is not responsible for consequential damages - meaning if they break something they are responsible for that item, not for any lost revenues etc.Now your insurance may have rental loss on it and they could go after the insurance of contractor but that also depends on your type of insuranceSo the answer is : it depends on what the agreements are

That's a good chunk of change to realize as a secondary revenue stream to offset wear and tear and any actual damage. 

We usually bill our owner's via cash rather than accrual (IE our July owners statement for an owner has their July revenue minus expenses paid in July) but the owners get confused when the cleans don't line up to the stays, so had to train our bookkeeper to include the July cleans on the July statement even though that invoice was paid in August, which is different than how all the non-cleaner invoices are handled.

The sponsor's largest source of revenue is in the promote, which in most cases isn't realized until the sale. 

Thats a nice chuck of revenue even after repairs and vacancies.  

Thus, the next challenge and frontier for many DSCR lenders seeking to serve the growing number of real estate investors pursuing this strategy is to cement a qualification and underwriting methodology to properly qualify MTRs and accurately project their revenues.

Huge risk when the city can literally turn off all your revenue over night.