I have three listings, 1. unit with a pool and hot tub, 2. unit with a hot tub, 3. both units together as a 12 sleeper.Gross monthly income (after booking channel fees) for the first unit over a 7 month period was $7309.Gross monthly income for both units over a 14 month period is $11,297 (after booking channel fees) As a long term rental the combined rent would be in the region of $5500.Is it possible to sell the property based on the income generated by the STR business or would the value always be based on bricks and mortar comps? 

You will likely lose 2~4 months worth of rents + court fee. 

A few things to think about-what are all of your monthly costs and look at the rent including vacancy and management fees. 

Offer discounts for applying in a short time period or- offer a free application fee. 

No damage from any pets yet and you may even charge a pet fee as well. 

Do you have a setup fee?

Hey Vanja - I'm sticking to what I know here and offering the most insight with #1:If you have an immediate use for all of the cash you're pulling, a cash out refi is a viable option.

Leases are signed electronically (esign.com), and I set them up with RentRedi for deposit, cleaning fee, and rent payments.

I ultimately invested $65 cash, $5k in legal fees, and $9.7k in operational expenses while owning the home, and walked away with $17.3k after a judgement.What made you interested in investing in this type of deal?

We recently looked at a property outside our agents area (2 states away) and found a fee that was added which we questioned and were told it was a mistake and was removed . . . not sure if it was a mistake but be sure to read these new contracts BEFORE signing as things have changed since August.