I think it has lots of potential.  

I have come to understand these are very challenging places to find a potential Airbnb due to both local regulations and HOA/insurance guidelines.

Few data points :FICO over 780DSCR over 1.25 (some over 1.4)LTV 75% Loan amounts ranging from 56.25K to 200Klooking for PAR loans (no buy down) under 7.75%Thanks Sharon, min DSCR loan is $75k - if you have multiple properties you’re going after you potentially put them into a blanket portfolio loan.

I am actually looking at a potential 3rd property now that would be a rental.  

An obstacle I'm running into with building my portfolio after analyzing a potential deal is the very high property taxes, particularly on properties that have been owned a long time by the previous owner.

Alternatively, you could use the funds to purchase a $250,000 property for rehab, potentially yielding a higher return for equivalent effort.

Insulate Your Home Insulation Investment: - Ensure proper insulation in walls, floors, and attics

Number 1, consider going the max amount of $766.550, the reason being your potential rent income will be that much higher. 

The on-paper profitability did not reflect the true potential of the enterprise, and I knew transformative action was needed.

We saw the potential and were their only offer.