Obviously this depends on whether Local, Esq. is willing to do it (and whether there is a state-specific bar requirement just for this type of work), but I want an outside perspective first.Thanks,Looking in Baltimore

Hey Jake thanks for the feedback and providing a valuable perspective when consdiering this opportunity. 

For the right people with the right perspective, it could be a great way to diversify your investment and enhance your quality of life. 

When people take advice on here, they need to consider all things involved and not run with one perspective.

Interesting perspective, Dan!

So from my newbie perspective a 75% all in of ARV appears realistic but I need to get some experts on my team to run the numbers and get things moving.For capital I could use 90-100k of my own cash, so who should I contact first to begin building this whole BRRRR team?

Given your firsthand experience with the Alabama market, particularly with septic-specific considerations, your insights would undoubtedly provide a more accurate perspective on the operational and maintenance costs affecting this asset.Even with the available information, there are still substantial assumptions and speculative elements that must be integrated into the current and pro forma financial analyses to provide a meaningful valuation.

Most of the replies have been to get a PM or put systems in place, but I'll share another perspective.

I am trying to learn and hear from other people with different perspectives for sure!

A few comments from my perspective (and after reading @Dan H. comments):I agree with Dan, and view this as a negative cash flow property as well, given that more than 20% down was necessary to make it work with what I suspect is a non-commercial 30 year note given the interest rate.