With that in hand, we close on the house, immediately re-list (avg DOM 30 in the neighborhood), sell that to pay off the loan and sell the shovel-ready lot in 2-3 months when the building permit comes in.

I will post the before and after pictures, hopefully it can help anyone starting this journey, we are new investing out of state but NOT new to handlining construction project out of state for clients, looking forward to the challenge!!!!

This was also the case in my area (Saint Pete) which has just started enforcing more. 

Where will we start on pricing next year?

I heard that short term loophole is a one time benefit that you get the year you start service.

The property is just a hassle (and some years it's an alligator), and I'd like to get it off my hands and put the money elsewhere.

Talk to a local realtor who works with investors to see if $2600 is realistic for rent and who you'd be marketing to-likely a smaller tenant pool.Most people who rent fall into different categories-those who are just starting out and saving to buy their own home, those who move around and buying doesn't make sense and those who will never buy a home (either can't save the down payment, can't get approved for a mortgage or plain and simple don't want the responsibility of owning a home). 

Apologies, I'm just starting with real estate, however if they're offering a guarantee, isn't that a good thing?

I'd like to invest back home in Ohio eventually (I lived in both Columbus and Dayton for about 5 years each), but I'm much more comfortable starting with something I can see regularly. 

The DSCR Lender wouldn't come after your assets before starting first with the foreclosure process