Doesn't seem terrible. 10.7 % return on the down payment.

I think you'll be spot on with a paperwork change and the offers containing the commission rate, seems like the least painful way to move forward. 

i agree. if you can raise your ADR and make the same amount of money with less visits, thats also less wear and tear on the property. 30% occupancy seems low though, unless that hits what your goals are and your renting season small.

Seems a very efficient way to handle it.  

The lake is right there for summer and of course skiing.I don't know about the rules around STRs in the area but it seems like a solid choice.

@Matthew Villalon, thankfully, it seems like either option repairs the leaky/flooding basement.

Most buyer's can't afford to pay the differnce and selling agents desperate for a deal don't seem to mind.  

i'm in hopedale MA. i use rentredi for tenant payments. no complaints, simple, i like it. a BANK that also offers rent collection seems over the top to me. i'd rather keep using my small local bank. i also don't keep security deposits because the laws in MA re: how they can be used are so insane that i'd rather just not deal with it. 

The property may not be an issue but there lending process seems to be off.

Traditional loans dont usually work with investment properties, as far as I have seen.Plus it seems like most refinance and even HELOC loans I have found for investment properties are running around 15-20% interest.