I never looked into a deal this size.

This is a perfect example of how real estate investing is never a one size fits all.

I pay my PL anywhere between 8% to 10% depending on the size of the loan, I have them hold for 12 months max 18 months.

Let me use your example and point out a few key things that lenders consider when sizing a deal up.$40,000 Purchase Price$20,000 Rehab Budget$100,000 ARVThe initial terms are going to depend on your credit, experience, and liquidity. 

If we tried to list it on the market, realtor thinks he can “slap some lipstick on a pig” and list it for just under $300k, maybe get a little bidding war mostly because of the lot size, but it  would require a big trash out and at least minimal cosmetic touch up (estimated cost of ~$10k for trash out alone).  7.

We added a brand new sleeper sofa (no easy task on Kauai lol) , all new lamps, end tables etc. also added a brand new King size bed.

The home is good sized and has good bones, but has a ton of potential for adding value by doing improvements as we can afford to.

The list is long and depending on the size of the place, can be really quite expensive.Do a search on me and you will see a bunch of recommendations on outfitting a STR.

Single family homes are generally cheaper as well for the same size space.  

It also sits on a nice size corner lot in a decent neighborhood.It's current zillow estimate is 347K, while the property next door, same size with very little property, is estimated at 500-600K.I have a few questions...1) Is a major renovation a smart move?