Instead of having multiple SFH or duplexes that would potentially require a more hands on approach?

Some buy to park money, others do 1031 exchanges or they simply buy them for a tax write-off. 

This was a cost-effective way to meet our requirement of providing just a stove and refrigerator (we don’t include washers or dryers), without breaking the bank further.But here’s the twist: If we were upgrading appliances for a long-term tenant with a stellar payment history, we might invest in brand-new appliances.

(Hands-off or hands-on.)I like STRs as a way to make money while you wait for a property to gain value, but at least for us, cash flow is simply the icing.

And, as I'm sure you know, both investors would require a 3rd party verification of assets to prove their accredited status.Let me know if this is what are asking or not.

Down Payment + Closing Costs = Cash to Close.For your purchase contract, I'd have suggested an escalation clause requiring proof of next best offer upon acceptance.

It gives them a reinvestment option to complete the exchange and doesn't require active management.

Does it require a highway occupancy permit if its on a state road, in my area it cost me around $1000 just to get the permitting and design for my driveway entrance.

Purchasing a “distressed” property and “repositioning” it requires significant capital for improvements, build outs, holding costs, maintenance.In looking for that “needle in a haystack” slam dunk great deal you’re competing with very knowledgable, greatly experienced investors with the cash to make no contingency offers and close in a few days.  

Just make sure you set up a LLC to rack up the required experience.