i had a STR that i self-managed for about a year 2h+ away and there was never a single need for me to drive there aside from when i planned to go for fun. i'm open to chatting JV opportunities!

. ;-) Okay, maybe not "fun" but very informative.However, As I was reading through, I came to realize I don't actually understand some of the terms.

Don't let a fresh coat of paint and new carpet fool you.  

Not fun...

Obviously, I don't know anything about your finances, so for all I know, you may have a few million in the bank, and this project is just a fun experiment that wouldn't even be a drop in the bucket if it all turns south...but, regardless, you'll want to model out what would happen if this project crashes and burns...As you may know, managing a rental in a D to F area (or even a C area) is usually not recommended (for many reasons), and funding a rehab with credit cards is also usually not recommended (again, for many reasons). ...even highly experienced investors often won't touch anything lower than C grade because of all the difficulties of managing and re-selling them...If you're dead set on rehabbing the place and keeping it, I'd strongly suggest studying up thoroughly on the local rental market and tenant pool (e.g.; rent medians and lower and upper bounds, typical days on market before securing a tenant, local vacancy rates, tenants' typical income, education level, employment opportunities, credit, and rental history).

This could include things like fresh paint, updated fixtures, new flooring, and minor renovations that can make a big difference without breaking the bank.Additionally, make sure to provide the appraiser with a detailed list of all the improvements you have made to the property, along with any recent comparable sales in the area that support the value you are hoping to achieve.

I'm thrilled to introduce myself as a fresh addition to this incredible group of like-minded individuals.

We are going through several evictions and the process is NOT fun at all - screening is by far the most important you can do as a landlord to avoid huge headaches down the road.

The new LLC they bought from me was Snooky Bear LLC.......LOLHave fun with your friends when you can!

It's definitely not sexy or fun, but the unfortunate reality.