While the two are related (an economic concept called elasticity), they're not directly dependent on one another in the short term.  

My primary focus for this investment is on long-term appreciation potential and leveraging rental income to pay down the mortgage, in this case I have no cashflow.Given the current market conditions, I understand that cash flow might not be immediate, but I'm more interested in the potential for appreciation over time and the ability to offset expenses through rental income.

I would only do it if you were okay holding on to the asset for the long term. $30k can turn into $8k or 0 really fast - whether that is due to unexpected costs - especially on an 1875 vintage home - or your ARV estimate being off.

You can look this up by going to the city's web page and https://www.cityofchesapeake.net/424/Rental-Dwelling-Inspect... under the quick links at the bottom there is property search map.

I was thinking about getting taking the "May Special Offer" but I decided to wait the until I saw some customer reviews like on Bigger Pockets, web.

I am trying to start doing short term vacation homes/rental properties.

Fundamental long-term, neighborhood areas I believe reached their bottom in Q4 2022.

Think long-term.

Several things to contribute here: 1) Private Lenders with no credit experience emerge doing down payment and 100%/High LTV financing at the end of every cycle, 2) they're among the first to loose their shirts in every downturn, 3) although someone termed this type of lending "gator", it's not new, 4) the guy that coined it didn't get into real estate untill well after the last crash, 5) he has no real credit background or experience (he's never been a lender), 6) Google the guy's name and "looses professional license in AZ" to see what pops up, and finally 7) he's really effective at telling people what they want to hear, filling their heads full of hopes and dreams, getting them to buy his training, and his minios generally won't want to hear what a real, seasoned lending vet will try to tell them.

It is a specialized accounting software specifically for short term rental hosts.