In our market it is important to make sure they are a licensed broker, carry adequate GL and worker's comp (and name you as additional insured).  

The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.

Moreover, these people usually don't have the right systems in place to follow up/nurture the lead adequately. 

2) The minimum hours required are 750 hrs, but if running a short term rental, 100 hrs is supposed to be adequate, is that still true ?

Moreover, for someone in your position just starting, it's best advised to partner with an experienced individual to mitigate risk and adequately learn the process.

Hence, to reiterate the reason for adequate research before purchasing a property. 

Of course, every owner's situation is unique and factors like the legal entity involved, purchase date, adequate passive income that can be offset with the cost segregation study, etc., will need to be considered.

Sometimes it makes sense to pay the gains if there are not adequate replacements.

Modern units operated down to -5 degrees so it should be adequate for a cabin in OH depending.

Your new ARV(after repair value) should be supported by an adequate amount of comparable sales in the area(duplex's).