I am meeting with banks and some local connections I have with real estate agents to start getting a feel on my position financially as well as get a feel for the local market.

@Dominic C Dessler I would suggest using the tools from this site and do a lot of practice evaluations and let someone review them who has a lot of knowledge.

., the court found that in determining unconscionability, the trial judge may consider: 1) the amount of the proposed rent increase; 2) the landlord’s expenses and profitability; 3) how the existing and proposed rent compare to rents charged at similar rental properties in the geographic area; 4) the relative bargaining position of the parties; and 5) based on the judge’s general knowledge, whether the rent increase would shock the conscience of a reasonable person.

I don't mean to be negative, just helping explain the field as I've experienced it from a similar position.

One irate guest can sink your business by writing a nasty review.

There are pockets of 35805 that you can definitely find good properties and positive cash flow. 

@James StinnettMy company can review the Phase 1 report and determine if the Phase 2 is actually needed.

I view that more as a positive than a negative.

. ♡ Thank you for the deeper explanation behind your decisions and for taking my comments as positive reminders :)As someone that has scratched and clawed from nada I have a hard time understanding why everyone doesn't say 'there has to be a better way!'

My biggest concern is that it needs a new kitchen in order for me to feel confident I could rent it for enough that we would have a positive cash flow.