And actually, the septic company told me an inspection of a vacant property is practically a waste of time b/c the fields will have dried out and everything in the tank will have settled (I posed a question about that on BP a couple of days ago).

He spotted cracks and dry rot along the eaves and base of the property.

The actual splitting of it from an entry way and putting-up-of-walls standpoint seems pretty cut and dry.

As described in the article you dry out the place with AC cycles and bleach the studs.

Finding new housing is going to be a nightmare for a while and the rent is going to increase in anything dry

We are going to apply for a HELOC and put a team together, i.e, realtor, contractor, electricians, plumbers, dry wallers and real estate attorney.

. -          Consider doing a dry settlement (transfer the deed with no money exchanged), then refi. the property and pay off the seller. 

@Jacob Krafka yes but boy are the deals dry right now!!!

I can go into Airbnb right now and restrict my own properties to minimum stay lengths, etc.As for how easy it would be for Airbnb to do this automatically, I don't think it's quite that cut and dry. 

My thinking is a single family under market value and be able to add value might be the best starting point rather than starting with a duplex or some other smaller multi family since a single family is easier to appraise etc Keep your powder dry.