Not sure that an american rental / investing site is going to be much help .these type of trophy properties are usually sold through higher end brokers like Sotheby's etc .Sounds like a cool place I have to think this is an easy sale for the local brokers or other types of brokerage community in the area.. 

It sounds like you have most of ducks in a row with the concept. 

I have never heard of price-to-rent approach used either.I know this isn't the answer you want, but based on the information provided, it sounds like your property has not doubled in value, so I would calibrate your expectations as far as the cash out amount.

If you are having trouble getting a loan now, I would definitely not recommend getting in to a situation where you owe a hard money lender a balloon in eight months, that sounds like a HUGE gamble.

We're looking for a brokerage that would be friendly to this and most cost effective. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Hi South Sound BP Members!

In Shelbyville we live about 35 minutes from the southside of Indianapolis, with being so close to a major city do you believe that it can have an effect on a one major employer city?

It sounds like it would appeal based on location and that there are hotels nearby as well as other towns.

The most effective roach get you can buy is Advion.