Airbnb has a very strong position on this type of threatening type of Extortion/blackmail.

I promised that we would not build a new home; the home was his parent's, he wanted it to stay What made you interested in investing in this type of deal?

All of you should consider getting away from the word "Pet" in your advertising and documents.

Probably need more information, especially regarding type of real estate investment because its going to definitely differ dramatically, some thoughts:-If its for a rehab "Fix and flip" - definitely more about value, experience, timeline-You are mentioning more about rental property metrics - if so, is this SFR or small residential or commercial? 

What made you interested in investing in this type of deal?

Do you have a good way to collect this type of data (Vacancy rate, Typicla FICO score, trade lines, etc.)?  

The problem is I don't want to run that type of business.

It is basically a background database search - nearly all the same databases searched for a full Phase I, without a site walk or evaluation of historic documentation such as air photos, topographic maps, fire insurance maps, or the city directories (Phone Books).

Did you include all of your marketing and management costs in your model, such as AirBnB/VRBO-type fees, cleaning, vehicle costs, maintenance, etc.?

The broker might also be able to recommend some lenders that would help you with financing.To your other question about the type of financing, it would depend on what you plan to do with the property once you have full ownership.