To make a long, expensive story short, we discovered that builder failed to insulate an entire 3rd attic space and didn't seal wall cavities up in the main attic or insulate chases properly (Inspector failed too). 

Hope you weren't planning on a lot of short term rentals. lack of wifi access would be a bummer. 

I need to perform a cost seg study on my short term rental which was newly constructed during 2023.

In the book, he discusses pricing in a different state over 10 years ago so the # s won't translate to Long Island.Regarding working with contractors, the short answer would be to consider a 203K or homestyle renovation loan.

The subject property you listed is in a solid location, its close to both Short and Long Sands Beach (two beaches in the area). 

Hello Group I have a short term rental in the Santa Cruz area that I am looking to get homeowner's insurance on. 

Current Assets:250k in 403B (max contribution)25k in 401k (wife 401k)400k in HYSA at 4.25% (need to move a lot of this, previously was saving for local Long-term Rentals... but haven't put enough effort into this."30k in checking50k in VTSAX15k in Disneyest 20k (bought side lot adjacent to property in 2020 1/2 acre for 15k... paid off)est 60k (bought back lot adjacent to property in 2020 3 acres for 45k... paid off)est 280k equity (Home valued est at 600k bought for 380, 320 remaining on note at 2.7% in 2020.

It's a term made up by Pace Morby to do escrows/act as a real estate agent and to circumvent any existing escrow agent fiduciary and legal requirements in closing Subject To Transactions.

Whether you should rent vacation rental (short term) or long term depends on your goals.

Long story short I disagree with the appraisers value of the home and will place rebuttal however that appraiser also completely messed up rental values so the DSCR has really impacted what I was expecting to get out of the property.