While this structure offers great asset protection benefits, it doesn’t necessarily save money on filing fees or administrative costs.

The ONLY reasonable deals are:Appliances when purchased if you have a retailer that offers unlimited repairs/replacement for 5 years for 10% of price.

OKC and Birmingham markets both offer some great opportunities and good entry prices for new investors.

On public websites, I see some options to acquire a duplex in central Los Angeles under $550K which would require at least another $50K of work if I do not outsource most of the labor.

Hey Steven - An LLC is a solid choice for structuring your partnership since it offers liability protection and keeps things clean when splitting ownership and profits.

In my post I was just trying to offer another perspective.

We might have an offer as an AITD but also want to know if we should even consider an offer like this.

I would check and see how many 1 bed and 2 bed options there are and what they are priced at because most folks will prefer the full place to themselves so rooming 2 people together could make getting bookings a bit more difficult (not always the case but something to consider)

I'd check local STR FB groups and see if you have a local Real Estate Club.You can offer your services there, maybe for free in exchange for the experience.

I waited a few days and raised my offer to $255,000 and they accepted.