if the loan is less than 100k, it gets difficult to refinance due to state regulations, even when there is substantial equity.

If your place is in Hawaii, might want to check out the short-term rental regulations.

I'm not sure what planet Airbnb is on but those supplies are close to impossible to find where I live. 

Please note that there are specific rules and regulations that can be different depending on what city/county your property is located in.I would suggest that you look up joining either RHAWA or WLA. 

Most investors like Chicago because of appreciation, high airbnb potential, easy airbnb city regulations and the ARV strategies for cashing out can be lucrative.

The garage, and a room in the basement, was piled to the rafters with leftover building supplies, busted power tools, used tires, all kinds of stuff, frozen in the PA winters, broiling in the PA summers, always rusting from the humidity and damp.

I know some areas don't allow app fees, so just make sure you are still following your local regulations. 

There is a strong inventory of older properties which can be ripe for flipping however as the previous commenter mentioned, it will certainly not be as ample supply as Phoenix.

However, if the tenant is paying $1000/month as a monthly rent payment then advertising the gross rent of $1000 isn't technically wrong.I've ran into a lot of weird undisclosed stuff in leases like landlord supplied utilities and internet, incorrect rent amounts, landlord paid routine maintenance, etc.

Whoever was supplying it.