I’m an ex realtor who also has some experience working for a private equity group for a short time before I got a really good gig in a completely unrelated industry that will allow me to have options when investing.

I will reach out to you personally, please keep an eye out in your inbox.

If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.

I am very nervous that the foundation is hopeless and I will be back at square one, burning another $100k. 

I am looking into purchasing a STR in a different state and was wondering if you would be willing to give me some tips you learned along the way?  

However, driving rents higher will likely take a significant amount of cash to upgrade the units.  

The markets have changed quickly, and what worked 5 years ago may differ significantly from what will drive success today.

Where you fall in that range will be dictated by bedroom count per unit and the quality of the area/building itself.

It will NOT be an A/B class property. 

It will be remote, but since you live there now, you probably already have connections who either already know the house or local friends to find you good people to service things as needed.