Hello Ryan,  can you please add me as well to the virtual meet up?

One has a 162k mortgage, $1250 tax,Insurance,%3.5 30 yr, worth at least 750,000 LTR rent $3200, #2- Los Angeles worth   $750k as well just did a remodel of 150 K, mortgage is 75,000 payment $700.tax,Ins, Mtr/str hybrid.

I intend to add a closet to the den and make it a 3 bedroom adding value as well as remodel the entire unit.

I did hundreds of them .. then the crash happened and well things in the BRRR world stalled and then of course the new buy and BP coined the term like it was something new.. but its old old school for sure. 

As far as meetups go, you can find a lot of local events posted here on BiggerPockets: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a list of Chicago meetups that I can share with you as well.

As for your ques if to wait, well, it depends on the market, in some parts of the country prices are still going up, slower, but still going up, other parts the prices are coming down, you know that area, what is happening there? 

It also did not have a pool like your property so that would probably lower the desirability as well.

Well, STR can work well for people who own a vacation house for personal use, and just want to generate some extra income when not in use.  

I'm happy to be a resource as well.

@Dawn MurrayI recommend you seek your own attorney in this as well - typically in these situations there is very little to go around but whoever gets the first lawsuit and judgment wins.