Do you have access to the paid version of airdna to find comparable properties that are cash flowing at 500-650 a night? 

Stay put and use some cash to expand your asset base.

The same holds true for pulling any specialized permits (plumbing, electrical, HVAC, etc).Having said all the above, there are many homeowners and real estate investors who choose to fly under the radar.

We would put in a shared septic system, gravel roads, gravel pad, stub out water and electrical connections.  

Without a large down payment, cash flow can be tough to find with a traditional rental right now. 

Purchase price: $310,000 Cash invested: $15,000 Sale price: $425,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a fix-and-flip on Carriage Lane, Oakdale, CA.

The rental agreement cannot state that the landlord can turn off the heat or electricity to the unit.

As part of that exchange they will be taking $500K in cash "boot". 

We have a sfr we paid cash for and is worth more than when we bought it.  

Ensure the plumbing and electrical connections are regularly checked for any leaks or faults.Lighting and Fixtures: Modern light fixtures and ceiling fans add aesthetic value and comfort.