I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.

Your property is generating 2300 in cash flow, thats incredible.

Any advice or perspective would be incredibly helpful.Thanks!  

I was approached by Avantstay and wondered if anyone in this forum has had experience with them from owner point of view. 

If you ever decide you want a more passive approach, there are turnkey companies out there that handle everything for you.

Have you approached the current owner of the car washes to see how much they want in a sale?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Also, I just read that the the 2024 lifetime gift limit is $13.61 million and I will NEVER approach that amount.

It is incredible to not have to take the phone call and have tenants receive a response.

I just need help on finding a path to get my hands on the capital This sounds like an incredible opportunity, especially with your uncle's experience and willingness to help you get started.