Next thing you'll want to do after compiling that data is to widdle down each region based on regulations, I feel like areas are becoming more advocates for vacation rentals because towns are now starting to realize the amount of money they bring into their towns, but there are still some places that are very strict on them.

@Craig Jones is local to the area and may be able to chime in about those regulations.

The reason you likely haven't received any responses to your post is because the activities of a "non-licensed assistant" must be VERY closely regulated by the licensed member under which you would get MLS access.

A great quick turn depending on foundation, roof, HVAC and electrical/plumbing.

New electric, plumbing, roof, heating.  

I have used him on 2 other properties and his estimates have been fairly good so far.The electrical and plumbing that we can see is updated and the roof is only a 2 years old.

Check all the plumbing for leaks.

 My main question is, can a lender exclude income that was reported to the IRS if the business is not established in an LLC? Last year we found a home in our neighborhood that offered creative financing through a low ...

I am not terribly handy (with carpentry, plumbing etc.) but I could find people who would be able to help fix issues I believe. 

Cosmetic fixers with good bones are best since cosmetic items normally add the most value vs cost to fix them compared to the stuff you don't see (plumbing, electric, roof, etc.).