Looking to attract summer vacationers for AIRBNB / VRBO rental.

What I also found interesting is that an investor, not an occupant, was attracted to your property at a price that appears would have been retail. 

I wish I could get a discount half that good out here :(But to answer the original question it depends on the type of tenant you want to attract SFR will attract better tenants in most cases but may offer slightly lower returns. 

Also know that your property will choose it's tenant, so if you have a nice property you will attract nice tenants and nice tenants are more pleasant to deal with. 

There are areas to avoid here if you want to attract good renters.

Someone took advantage of you is what it sounds like but you took the risk as I am sure the cheap price was attractive.

Sure, hiring versus splitting profits sounds attractive but you are asking for trouble.

To add to what Bryan and others have said, they are clarifying that it is available to cash offers to make it a more attractive offer to buyers.

It's tolerable to have thin margins if you are living there, but if you are not living there and the margins are thin with all four units occupied, it might not be that attractive.  

House flipping attracts countless business people like you, but not all of them make a profit.They make preventable mistakes.