Looking forward to your insightsThere are probably many ways to go from $12 million annually to $60 million annually.  

There are rules to follow!

how is rental market in that area these days? 

I believe it started at $700/mo in the good old days of the recession and is now up to $1000 (undervalue about $150 for that area).

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

We have a pretty good Tenant who is moving from one apartment unit to another.

And to Lynnette, no, "Renewable energy is very expensive to develop."

I have a full time W2 that I'm passionate about, so I feel this process will allow me to time to make sound decisions as opposed to quick fix n flips.

I'd underwrite the property, with that low interest rate assumable mortgage, to cash flow positively from day 1 as a long-term rental, but be willing and able to use the rent by the room strategy or to rent out part of the property as a Short Term Rental to dramatically increase cash flow during my occupancy. 

Like you guys, our team has little time to waste!