I am working on getting estimates for site work and septic (waiting for the snow to melt) before I have a estimate for the project.

Another positive fundamental of the multifamily sector is the continuing trend of return-to-work policies.

HVAC move to attic to replace package unit and other side replace fan and heater for about 20k8. redo plumbing work 20k9. spent 10k to fix sagging floor issues by putting concrete blocks in crawlspace.There is big neglected strip mall in back as attached with loud noises and some weird smell of tobacco etc. also has big dogs barking at people even if I go to the corner of my backyard lot.There is one bad neighbor who has big dogs always barking who elevated his backyard and rain water runs naturally towards my sideBig trees other side in neglected waste land which I think belong to strip mall owner behind and city also pushing some rain water in to that waste land.I am in dilemma now1.

Look at lower ARV properties 200k and below and you'll probably find some that can work as a flip or a BRRRR even with current interest rates.I also would recommend meeting with a lender and describing your goals. 

If the market the house is in is conducive to STR, then it can be worth it, but in some circumstances and in some markets I think LTR still works better, but it is clear STR is taking a foothold as an option in the Investor mindset and we see that in the market and I think a pretty clear prediction is that STR will take a bigger and bigger share of the investment strategies of investors.

Then work my way up.

I do all my own property searches, inspections, book work etc.

They could also just put a single entity that they remote bankrupt if doesn't work out or have early release of guarantee 3 to 5 years into the 10 to 20 year lease.

As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).  

We feel that this structure, while a bit more complicated, really works well for us.