The only difference was it had parking for one additional vehicle, the cabinets and countertop are newer, and it has a larger deck. 

The real options I’ve seen (not the happy homeowner lease options) typically are for a year for a set option fee, with the right to renew for another year at a set additional fee, with or without a price escalation.

The bank gives me $75,000, I "make up" the $50,000 I initially put into the investment and pocket an additional $25,000.Does this make sense or am I misunderstanding how this works?

Then the buyer would need to pay the additional $3k to complete the build out of the garage.

  #1 Federal Historic tax credits will ultimately return somewhere between $15,000 - $18,000 in federal income taxes next year #2 Historic homes have character that short term renters value & will pay additional for in their short term rental experience#3 Completely remodeling a home with high-end finishes will probably not pay off for long term rentals, but does seem to in the short term market. 

What additional forms to do you include?

What additional forms to do you include?

I know a drop-in sink with stone counters is not ideal, but it hardly seems worth it to pay $500 or more to buy and have installed a new sink (not to mention what additional faucet cutouts might cost), when the existing sink is perfectly fine and already has a practically new brushed nickel Delta faucet.

In addition to all of that, I immediately got a meetup going in Bend, which was handed off to @Grayson Graham  and he's been doing an incredible job building on it. 

I've been reading and researching on here for the better part of the last year in addition to looking at "local" properties.