I could easily put 40+hrs a week in just not 9-5 everyday.

Refinancing or paying a little extra on your payment can easily offset nearly any rate. 

I'd keep that heloc available for when smaller renovations that you can easily cover with your cash-flow.Good luck!

Landlord maintenance duties not mentioned ... regular cleaning, changing lightbulbs, regular landscaping, changing filters. 4. 

Usually these owners are well connected in their city and can be tracked down fairly easily.

Burnt out lightbulb, toilet flapper not seating, worn agitator dogs, bad ballast in fluorescent lights, faulty circuit breaker, leaking wax ring in commode, loose p-trap cap connecters under sink, modem has reset to factory default, thermocouple needs replaced on hot water tank, filters need replaced for central heat/air, ceiling fan needs balanced, lint trap on dryer is torn, source input needs reprogrammed on HDTV remove, headboards too close to wall and making impact damage. 

I think this is a very easily duplicated model and a great plug and play for tourist destinations with old, outdated B&B's. 

These issues are magnified greatly in small population high pressure markets, in bigger cities there is so little sense of community that it doesn't matter so much, also there are generally low cost neighborhoods the displaced people can filter out to.I'm personally a big freedom guy, but I believe this is one place where local government needs to step in and draw up regulations.

=Host that has consistently achieved quarter over quarter over hundreds of staysMy recommendations:Add "Badges": to the Superhost designation🎖How many quarters/years has this host been a Superhost🎖How many stays have they hosted🎖How many 1-star reviews have they earned (aka total disasters stays)Allow guests to search for "Top hosts"💻Additional search filters for hosts that are rockstars💻Just like "Categories" create a Top hosts list in a city or area- - - - - -What are your thoughts?

Once you complete the rehab, you can easily refinance into longer term financing.