I think a lot of markets like you mentioned are going to be protected from the next correction due to multiple industries all producing jobs. 

Investors are seeking hidden value and potential and often underestimate the demands on time, effort and expense to produce the vision or desired result.

The home is way out in the woods and I would have never thought that it would be booked, but Its is Rocking!

Cleaning fees generally produce a profit, but not enough that I would include them in my calculation or rely on them to determine return on investment.

I have a HELOC on one of  my rental properties ( 0 balance, so I have the full amount to use) Also, on the other 2 properties I can do a Cashout Refi or HELOC  that can produce aprox. 160k between the both. 

Appreciation is icing on the cake for all long-held real estate, but your STR should be producing returns for you right away. 

I'm getting more photos tomorrow so we'll see if there's any more progress.Depending on how much you really want to protect your investment.. simply getting pictures on a drive by is not going to cut it.I would suggest you find a construction inspection company like the HML ers use we use and banks use.. normally about 50 to 100 an inspection.. so what you want is at demo phase they go through and check it out quickly and make sure you did not buy a complete wreck with a lot of structural defects that can easily be hidden.then from there once they do electrical and plumbing before they cover those us get it inspected..then have them come back after sheet rock and kitchen bathrooms etc.then once its done hire a normal home inspector to go through the whole house to make sure its up to code and everything is working.. the first inspectors just say yes there is plumbing and electrical the last inspector make sure its all to code your GFI's are in your hot water works etc etc.the other thing you want to do for SURE is get a sewer scope all those old houses unless its evident there is a new waste line the second someone moves in your probably going to find your sewer wont work right and it will be an emergency replacement and cost you 2X to 3X what it would cost if you fix it now..

That's your ordinary rate, but currently capped at 25%.Bottom line is that good rentals actually produce taxable income, even after accounting for depreciation.

A smooth sea never produced a skilled sailor (Franklin D.

This is an income producing STR/vacation home.