@Robin Wilk It's hard to pin down an exact number, like how many points your fico drops, maybe just 25-50 points or so from the actual "short sale event".  

I actually haven't considered that, I will explore that alternative.

Was the concession in line with the actual cost to correct?

I actually used to live in the Oakland area so I get where you are coming from.

You might want to get actual quote on insurance too. 

@Dale Oudems No I have not but I will do that right now, actually where would I find that information?

You have to understand what goes into their report like the condition adjustment scale, quality of construction sale, how to pull the proper comps for the property (which can be different comps from actually valuing the property), how to value certain features in comps with the appraisal in mind, knowing what features can created price adjustments and which ones don't.

We have done a tremendous amount of research to date, but are hoping to find some folks who are already succeeding to lend us some wisdom in exchange for shameless food based bribery.We have a solid background in property rehab and estimating and one of us knows a little about the law, but we could really use some advice from those of you who were actually able to stop researching - and start investing.Are there any investor-friendly agents or investing pro's out there who would be willing to set up some time to chat?   

I'll actually be back in college during this time in Spokane.

Also side note, do not be fooled by looking at the calendar dates for Air BnB properties, just because it shows certain dates as "booked" or "unavailable" doesn't actually mean it is being rented out at that time.