Not sure that an american rental / investing site is going to be much help .these type of trophy properties are usually sold through higher end brokers like Sotheby's etc .Sounds like a cool place I have to think this is an easy sale for the local brokers or other types of brokerage community in the area.. 

It sounds like you have most of ducks in a row with the concept. 

I have never heard of price-to-rent approach used either.I know this isn't the answer you want, but based on the information provided, it sounds like your property has not doubled in value, so I would calibrate your expectations as far as the cash out amount.

If you are having trouble getting a loan now, I would definitely not recommend getting in to a situation where you owe a hard money lender a balloon in eight months, that sounds like a HUGE gamble.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Hi South Sound BP Members!

It sounds like it would appeal based on location and that there are hotels nearby as well as other towns.

@Charlie CampanellaIt sounds like you want to be a passive investor. 

@Jeanine P. sound good.

It sounds like your siblings should help catch it up if they want some part of the property.