As soon as it is basically clean and the smell is gone, you can have potential new tenants walk through. 

Assuming you have about $52,000 for a down payment, you could potentially increase your purchase power using a 10% down investment loan product.

I value liquidity and if returns are going to be closer to 10% IRR than 18%+ potentially, Im not willing to lock up money for maybe 10 years.  

Comparing to comparable STRs in the neighborhood would be the best way to determine your potential income 

Look at when those properties are available, anything not available is potentially rented until that listed date. 

Fannie Mae just approved allowing lenders to count potential LTR rent on ADUs, for instance.They still don't like MTRs or STRs/Airbnb.

The potential profit margin was great!

Encourage them to apply their expertise to navigate and potentially leverage these challenges.Explore how legal frameworks can transform challenges like zoning, regulation, or market fluctuations into strategic opportunities.Capital Sourcing and Financial Strategy:Align your funding sources with your investment goals, ensuring that the financial setup turns potential financial burdens into assets.Guide your decisions by evaluating the potential profit and the worthiness of the investment over time.

I felt like I was not giving my potential clients (members) good service. 

Tons of potential and growth opportunity with all of the new tech development going on over here.