The only thing about it is that the property hasn’t been very well taken care of, so we know there’s a lot of work to do to fix it.

Every time i make a post on here I am getting great feedback so minus well keep posting lol.

Thought I could set up an SDIRA and use this to get started.

@Hunter Duplantis what @Gino Barbaro said is exactly what I was going to suggest.When you have vacancy is the time to experiment and apply your original thesis.I’m not trying to play Monday quarterback here but, you should be highly confident in where the rents should be well in advance of having a vacancy.That being said, after confirming competition rents on websites (I’d also recommend Craigslist and Facebook marketplace), you should be in alignment there.  

At a basic level there is no one set way to structure a partnership.

Needs gutters, full kitchen and bath, floors, paint with some drywall repair, windows, front porch and the deck on the rear is pretty poor as well.

Sacramento metro by contrast is more friendly, and there are some areas we target here that do very well for STR.

North MS is a great option as well! 

I own 2 STR units in condotel buildings in Waikiki, both are doing very well.

A well-structured deal could allow you to get in with little to no money down while leveraging your construction knowledge to drive profits.Regarding financing strategies, the sky is the limit if you’re willing to be creative.