Consider saving the 40-60k and maybe just spend a little extra on cozying up the place and making it more attractive. 

Or is there anyway we can do some background check on contractors to see if the contractor is legit?

There's almost always something worth buying on the MLS.

I have already talked to a private lender of mine that tentatively agreed to lend on the deal.

Hi Thu, self-managed STR owner in the California High Desert and realtor who has helped several clients purchase properties for the purpose of renting on a short-term basis.General questions pertaining to the overall STR landscape should not incur a cost when directed at a PM/co-host.

Analysis of properties with positive cash-flow based on market analysis of rents.

Looking forward to connecting with fellow investors, seasoned pros, and anyone who’s on a similar path of building wealth through real estate!

We're working on figuring out the local regulations for ADUs here which are a bit more confusing as it's already a duplex and not just a single family.

Or check out a job they are on..

Agreed - wish the BP functionality was better on the events stuff - also would check out Meetup, facebook, eventbrite too