That translates to a NET LOSS for your 8 unit property, just because 2 people couldn't pay, or the unit sat empty, etc.  

They are just pulling search results and copying the RedFin/Zillow/Realtor.com, etc estimated values/info on the pages: And on Redfin, the exact same numbers:So if you are just relying on RedFin/Zillow Estimates, then sure ChatGPT4 can help you with that, but anything more concrete/detailed and they can't (no historic $/sf of renovated homes available, only average/median, etc)

Assignee acknowledges and agrees that it is purchasing the Subject Property onan “as-is” basis and based on its own inspection, investigation, and/or evaluation thereof.Assignee is not relying upon any representations of Assignor, Seller or Seller’s agent(s) toinvestigate and report on the condition of the property.

One of the illegitimate (unethical)  part of wholesaling is when a desperate seller assumes an individual has the means to purchase their property when in fact that individual has no money or the means to fulfill their end of the contract without relying on a third party that might or might not close.  

DO NOT RELY ON ANYONE.

*This post is informational only and is not to be relied upon.

So I suggest getting a ‘best guess’ figure based on several sources (Airdna, Rabbu, STR Insights - don’t rely on just one) and then build in some conservatism and see if you are still comfortable what your pro forma kicks out.

This translates to 2-4 weeks of unpaid rent per house per year in our reserve fund on top of maintenance reserves.

I was told that you have an IN-HOUSE CPA who would be more than willing to assist my CPA OR do the taxes themselves.Question after question I'm being told that my CPA needs to use his "own best judgement" rather than rely on advice from the firm that setup the entities to begin with.I think all potential clients need to be very mindful that Royal Legal Solutions WILL NOT back you up with your CPA when you go to file your taxes.   

You don't want to rely on any of us.