Would the proper approach to our final sale price be based on comparable price/sqft homes?

I have been hesitant to pull the trigger on anything, but we finally are in the processing of purchasing a cheap duplex we’re gonna see how it works out for short-term rentals.

Took a little over 5 months from first submission to final approval from the city.

Maybe Mark will finally be the last broker I ever need. 

Bank financing was facilitated but not finalized due to deaths of partners.

I had one friend who tried this and finally went to go visit the property and it had holes in the walls etc that the contractor never fixed but they did not know it until they visited

Price at $400/night, but discount down to $100/night within the final week….

When a cost segregation study is also considered on the newly acquired property, additional analysis is recommended before finalizing the Sec. 1031 tax basis calculations.

After contacting about 4 lenders, I am finally trying to choose between these two offers:Option #1: 200K at 10.5 % variable rate, 20-year draw periodOption#2: 138k at 7.6% variable rate, 10-year draw period.Which of these would be beneficial for a newbie investor like me.

And finally, is there a more tax efficient state to base the company-i.e.