I started hosting on Airbnb when I would go away on business or on vacation, and began to really enjoy the hosting experience and that high of making money from a passive investment.

If you take that into consideration, you are losing money on the property. 

Many times they have spent a lot of money to go on this vacation and want it to be perfect for themselves and their families/friends - a little empathy on the hosts/PM's part goes a long way. 

The 5 percent you pay an agent to properly market a nice property will far outgain what you will lose involving someone who will come in and pretend they have the money to buy just to daisy chain it to every Facebook group in the area.

This section relates only to a fee, charge, or other sum of money required to be paid under the lease if rent is not paid and does not affect the landlord's right to terminate the lease or take other action permitted by the lease or other law.

But you need to make money, so subtract what your fee is, and that is your offer price to seller.

I have done a ton of research and spent quite a bit of money getting consultation from lawyers and CPAs over the past few months on how to do this correctly.

We'll need to re-do the walls surrounding the current tub & I was hoping that these all in one's will help us save time & money.

With respect to the equity, If you have 25% equity in the property you may be able to pull out some money depending on what the lenders LTV guidelines are.  

They often hope you'll go easy on the screening process in exchange for some extra money.