Preparing for an appraisal / rental survey of a short term rental
I am in the process of purchasing a vacation/lake house (ie short term rental) with a self directed IRA and non-recourse loan. I'm preparing for the appraisal, which is based on the property's ability to cash flow, as opposed to its overall value/purchase price. If anyone has experience with how to prepare a report for an appraiser, I am looking for advice. While I can look at AirBnB price per night and view their calendars for bookings, I'm not sure if this data is enough to create a solid report to provide the appraiser. Thanks in advance for any help on this!