Like smoking, it is very difficult to go back from a pet property to a non pet property without significant time and cost.Applicants who avoid the extra compensation or play games to qualify, legally or not, are not desirable tenants. 

The original carport was enclosed to make a bonus room at some point.

With rent increases being so large YoY there I might just have to wait a year or 2 for substantial cash flow.Airbnb/short term sounds like a common play.

You are better off hiring the contractor, paying the fee and keeping 100% of the profits on your flips.On the other hand, if the contractor brings to the table not only the funds for the rehab but also for the purchase as well as handles all management of the rehab and the design, then perhaps an equity split is appropriate financially for you.Your next post states the contractor is your brother so with that said, things change as family is family, but the financially principle I stated above is still in play. 

Third, you have to have boots on the ground if you are doing value add plays.

Many other deals we see have 20 to 30% (of equity) bonus depreciation accelerated into year one under the current tax law.  

Hard to be in the cash-flow, expansion phase of your journey playing with a balance sheet / capital pres hand.   

I will say that mid July to mid August is always the slowest selling season for me personally every year so that could be playing into it some.

We found one that has helped us scale our multifamily business and I cannot stress how big of a role they played in helping us.

That said, with the added bonus of fruit trees & garden space you may find a like-minded longer term renter.