I am interested in doing BURRRS strategy, but havent found those types of professionals / practices in the island.so far. 

We got to bounce ideas off each other to see how we can help each other improve our businesses. 

If you add in the owner's portion, VRBO is carving off 30 percent or more per reservation. 

Make sure you know the value the ADU will add to the property before building the ADU. 2) the financing on an ADU is typically far worse than for initial investment property acquisition or is often not leveraged (HELOC, cash out refi, etc).

After paying off HELOC and closing costs etc we would be left with roughly or so $110,000-$140,000 if we sold it.  

There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?

I am currently using a company called Lending Home and I like them a lot so far.

It is one of the thing that can really hold back moving completely off of AirBNB and VRBO.

When a one-off event like COVID hits, do you have the time, knowledge, and experience to adjust and handle the situation?

Ditch the MLS, there's myth of off-deals market8.