If anyone else is interested, comment below and I'll send over the details. 

@Mike Calabrese your RE IQ will increase over time and you will be able to do your own preliminary inspections and estimate a rehab in less than 30 minutes.

Those banks tend to do appraisals using internal metrics which are far more conservative to balance. your estimation of payments is correct I think.

No need to highlight that I never should have signed--I am aware and there is a HUGE back story as to why I did that is not significant to the question at hand.Due to frequent flooding, we were planning to have an overhead sewer line installed, as well as a sump pit for the basement plumbing, an ejector pit for the upstairs/exterior water that was leading to the flooding, and tying in the downspouts to the mainline at the front exterior of the house underground.The project, which was estimated to last about 15-20 days, took more like 10-11 full days.

You need to take the time and be more specific on estimated costs.

@Wayne Brooks  without knowing details who knows whats happening.. but usually you have affirmative coverage or you have an act that your accused of that is not covered.. that as you state could be the case here.. 

You can see where this is going I assume.Reasonably I would assume (see the word assume and know that it makes an *** out of u and me) that any judge or arbitration would side on the fact that "three times" would refer to three individual times spending the night.Reality is the contract is poorly written, or perhaps you have not given enough detail since you didn't want to get into the weeds here, and is illegal given the way it is written. 

., combined pool for downpayment, rehab, professional services, etc.).On that note, I'd assumed I would use leverage and have estimated 25% down, but I'm open to interesting cash plays.I 100% insist on using property management, and all of my planning includes that cost.Ideally I'd like to hit ~8+% cash-on-cash return after all is said and done (taxes, payments, repairs, insurance, PM fees, capex, professional services, estimated cost of vacancy and turnover, etc.).

I don't have full details, but something I've been looking into.I just get nervous about long term time line on  all  STRs.

This will be on September 19th starting at 10 AM.Willing to speak more on details if interested.