While this property is not acting as a cash flowing investment property, it has served the wonderful purpose of showing us how to navigate the real estate market at a base level.

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

As AirBNB and VRBO introduce policies that have the effect of limiting the STR owners profitability, the long eatables operating properties are going more and more to off app rentals most of which is based on word of mouth which requires years in the business.Better off finding a business opportunity where entry level has more chance for success

Dwayne,It is unlikely that anyone can give you an accurate comparison based on just the info you gave. 

Closing costs vary based on State and County for Taxes, Insurance, Doc stamps, transfer taxes, Title, and every Bank/Lender requires different points/hard costs.If you have any specific questions of if your just getting started feel free to message me or reach I out. 

If there is enough equity at the 6 month mark you could do it then but there may not be much of a tangible benefit unless there is a PITI savings.If you are able to do some renovation in the first (6) months it might be possible to do it on the 6th month mark based on a higher renovation ARV.If you have any specific questions feel free to message me or reach out I am always happy to help and talk REI.

Those use a AVM based off Zillow or electronic records on file.

I'd recommend looking at Kyle Stanley's 'Fearless Flipper' on youtube - he's based out of Fresno.

We might be able to give you some more advice based on that location.What time of year will the folks be staying there?

The denial was based on the following reason:"The proposed use Visitor Accommodations is prohibited in the RM-1 Zoning district per table 14-602-1".At this juncture, it seems my next step is to appeal to the Zoning Board of Adjustments.