@Steven Schafer don't fall for those tenant negative stories about PMCs.A significant portion of these tenants are really complaining about being held accountable to the terms of their lease!

I am trying to start doing short term vacation homes/rental properties.

My family and I have been investing in Reno, NV for many years before I became an agent here and I'm extremely bullish on the area for the long term. 

Just curious in the near term what I should expect to make on my money.

You set the payment terms. 

release's prices I have done on loans I made and of course on all my subdivision / development loans.are simply a pre arranged release price.. 

I would only do it if you were okay holding on to the asset for the long term. $30k can turn into $8k or 0 really fast - whether that is due to unexpected costs - especially on an 1875 vintage home - or your ARV estimate being off.

My primary focus for this investment is on long-term appreciation potential and leveraging rental income to pay down the mortgage, in this case I have no cashflow.Given the current market conditions, I understand that cash flow might not be immediate, but I'm more interested in the potential for appreciation over time and the ability to offset expenses through rental income.

Actually, On a bridge loan he can cash out on a listed property with no pre payment penalty.

If you havent already -  1) get pre approved  ( assuming you need finnacing  2) forge a realtionship with a realtor that understands the need you have