Hoping to capitalize on the demand for proximity to the city AND attract seasonal guests when the weather is warm.

Keep in mind that the listed nightly rate is usually the lowest nightly rate (for example, a weekday in the slow season) and weekends and holidays could be much higher.That research will get you an idea of what others are making, which is important to know.

Something you always want to shift back to the bank:)The next bucket I do IF I plan on keeping the property long term, want to move fast, need short seasoning, and don't have the debt to income to qualify.

Just wanted to share a situation that will benefit brand new investors and the most seasoned.

@Ashley BoydLast year I did the wood flooring work for a GC that was flipping the house.

That view with the woods adds value.

I'd offer something closer to $22k.Regarding your analysis:Most banks require a 6-month seasoning period before they'll loan based on a new appraisal.Do you have a lender lined up that will write such a small mortgage?

U.S. average is closer to $4k, but this is very local.Most lenders require 6-months seasoning before they will lend based on a new appraisal.Your vacancy, repairs, and CapEx are all very low.

Buyers loved the original wood windows, beams and floors.

I would like to tap that equity ASAP, then refinance into 30 year conventional after the 6 month seasoning period.