We jumped into it last year and now want to make sure we are compliant with everything. 

If you are still cash-flowing even after a bunch of headaches and repairs from the jump, I would argue that its still way too early to give up, that is still a very strong result. 

However, the tax person says we can't use that as the base to adjust the cost bases.

I believe there can be a significant fluctuation based on how a property is managed as well.Regardless, I always say to folks to use the numbers directionally, whether ours or any of the services, and to try to get on the ground comps as much as possible from sellers / agents, etc.

I am specifically looking to jump into the short-term rental industry with AirBnB.

I am seeking insights and recommendations from the community regarding potential locations in and around Orlando where full duplexes might be more readily available within my budget.My plan is to house hack, and based on my initial calculations, I anticipate an extra expense of $1.5K beyond rental income to cover the mortgage.

.- Install 12" (like upper cabinets) as base cabinets along this wall.

Cash on Cash ROI, Pro Forma Cap Rate and Purchase Cap Rate.GOOD DEAL is only based on Monthly Cashflow greater than $200 but I really want to factor in the Cash on Cash ROI metric.

THAT is how you base your offer, Condition AND Financing.

@Michael Ablan Based on what I've gathered in the space, it's not typical to have these requirements, and that's probably why they're backing out.