This single-family property, acquired in June, is a key piece of a visionary development in Morganton.

For the modifications, cities generally focus on safety and code compliance, but since you're considering structural changes like wall removal and garage conversions, obtaining permits is key.

Also, since you never gave the keys for possession, highly unlikely a judge will even allow you to deduct per diem rent from the SD.After losing a couple of court cases on scenarios similar to yours, we huddled with our attorneys, who recommended charging a Holding Fee.We have a Holding Fee Agreement we require prospects to sign to hold a property until they later sign a lease.

Preferably someone patient who doesn't mind answering a million questions.Thanks in advance! 

Appreciation would be more key here, but don't buy rentals based on appreciation.If you ignore things, then things will just fester with time and things will turn more against you and STRs in general.

Older multifamily properties, like the one you’re considering from 1920, can be solid investments, but there are key areas to assess carefully.

Besides buying turn-key properties with all cash (from the likes of REI etc), are there any other passive RE investment opportunities that will fit this criteria ?  

The key with the NNN is to make sure rent per sq ft is not above market. 

Do you have Airdna, Key Data or Price Labs?

However, many agents find the transaction process manageable if they follow a checklist of key steps.