I am not really a real estate finance guy - I am an equity research finance guy, but I was under the assumption 7% mortgage rate was average.

Because one of the conditions is that your average stay must be 7 days or less.

I wish I had known this was possible 20 years ago, but learned of it when I joined the industry 11 years ago. 

S&P 500 index fund has given a historical AAR (Average Annual Return) of 10 % in the last 60 years and 14.5% AAR in the last 15 years as of today.

Its variable, so they need to see the trend over two years to be able to average out what a monthly average income is for a property. 

I don't know your specific market all that well but have you done some analysis on your ADR during the high season X your high season occupancy rate and determined whether taking lower priced slow season bookings vs letting your property stay vacant during the winter averages out in your favor?

Real estate is a very capital intensive industry and if you do not have the money the odds of success are very low - it is no different than starting any other business - how many people do you know are successful when they start with zero?

I have been using Quickbooks online for years and love that it's the industry standard and robust software.

If you have any questions or are looking to just connect with others in the industry, don't hesitate to post! 

I’m eager to learn and connect with others in the industry.