This can be a very tough line to toe, especially when potentially hundreds of thousands of dollars are on the line.While appraising is all about numbers, there are people involved, and anytime you have people involved, the task becomes infinitely more complex (yes, infinitely -- as an example, there's no computer in the world I can't beat in poker, but you add an idiot with half a brain and at best, over a small number of trials, I'm 70/30).So, I certainly don't mean to bash appraisers as a whole, though in this case, I had every intent to bash a particular appraiser...

Do you have every potential renter complete this or only select one renter based off the pre-screening process?

You'll find agents, lenders and other potential teammates there.

--DB A DST or DST to 721 UPREIT is a potential option. 

For the past year I have been looking for a place to buy as an income/airbnb to buy in Mexico and have inquired about Playa del Carmen and Tulum and keep coming back to Tulum as it seems like it has the potential for growth with airport coming and simply more infrastructure.

The new loan at a 5% interest rate would then pay off the seller's remaining balance, effectively transitioning your financing without additional down payment.It's also worth noting that some lenders might allow a "cash-out" refinance, where you could potentially take out more than the existing loan balance, given enough equity in the property, which could be used for further investments or improvements.

@Laura Winegardneri think it will probably be difficult to find a lender that would take into account 'potential' STR income... but even if they did, yes, i think that would be risky. 

@Atlas Blake House Hack a multifamily that has value add potential whether cosmetic fixer and or adding units to it.   

I created a second bathroom (since it was only a 2/1) in order to maximize it's resale potential and make it more appealing to a buyer.

They potentially could have gotten rid of #1 and took #2.