@Alex Appolonia I'm sure there are others here who have more detailed information on this, but in case no one responds, I can say this is an evolving area and your best bet is to contact the Narragansett and South Kingstown building officials.I know that in Narragansett regular rentals require an application/permit and it seems that short-term rentals do too but I can't seem to find the form for that on the town site and it may still be in-progress so I would recommend calling them.

Traditional rent would go for $650 but I estimate I'll pull in about $1,200 (gross) from Airbnb.I'm moving to California in a few months so I'll have to set up systems before I leave (cleaning, check-in, check-out, etc).

This month I had a tenant turnover so with cleaning and the screening of the new tenants, the old tenant referred the new ones to me, I will spend 3 hours total time on this.

it wil cost 500K but homes exactly like it or some with  less upgrades are selling for 650- 700K quickly     Should i get a regular mortgage and then do refinance cash out or is there a way of using hard money/ or other financing  and rolling that into a new loan after close.   

I assume the cleaning crew will take care of the garbage at the end of each stay. 

The best way to make the numbers work is to limit the work to cleaning, paint and carpet and avoid expensive projects like roof, windows, replacing plumbing and electrical systems, driveway etc - as these take huge amounts of capital, but will typically not drive up the ARV by much.

Even strainers need to be cleaned out now and then, but it would probably cut down on the frequency.https://www.crssupply.com/roof...

Start saving up boxes, wide markers, tape, trash bags, cleaning supplies and hire help to start packing everything on day one after the eviction.

Cleaned up land and Structure What was the outcome?

Are these tenants more risky than the regular SFH tenants, because they can't afford to rent SFH?