These are cabins in the woods, so we have issues like power outages, neighbor's construction noises, internet outages (a big deal when people are planning to "work from home" at the cabin), guest thought they reserved two nights when it was only one, cleaner forgets to show up... all sorts of things that add up.It seems like the littlest issue gets compounded into much larger issues that cost us lots of money.

Tax is not determined by your debt. 

That will likely determine if we are going to build a SFH and sell it or try for a duplex and keep it as a rental. 

How does one determine if there’s positive cash flow if the property was bought in full with cash?

Consult a real estate agent to determine prospects to sell as is versus with improvements.

That will determine the type of home you get, but in general buy a home with multiple beds, rent them out, save, and repeat.

This is the outline for the contract that was signed:I, "SELLER", of BLANK Financial (the seller) am the owner of the property located in Pend Oreille County (assessors parcel number: BLANK).Said property is being sold via contract (the contract) to BLANK (the borrower) with a closing date that has yet to be determined.

This is the outline for the contract that was signed:I, "SELLER", of BLANK Financial (the seller) am the owner of the property located in Pend Oreille County (assessors parcel number: BLANK).Said property is being sold via contract (the contract) to BLANK (the borrower) with a closing date that has yet to be determined.

This is the outline for the contract that was signed:I, "SELLER", of BLANK Financial (the seller) am the owner of the property located in Pend Oreille County (assessors parcel number: BLANK).Said property is being sold via contract (the contract) to BLANK (the borrower) with a closing date that has yet to be determined.

@Jonathan KlemmThe property was vacant when the appraisal was done but I am not sure if this played a determining factor in the rejection because the appraiser noted that the property is grandfathered to continue its existing use but the exemption would be lost if the property remains vacant for 6 months or more.