Thank you for your response, Benjamin.Prime does handle bookkeeping throughout the year, this is why it is expensive, but it may not be particularly useful for me at this time.Would you say the $1,500 option (Taxtra) for tax preparation and ongoing support throughout the year (including answering questions and responding to IRS letters) is within a reasonable range?

If you are building new properties and the area supports STRs, maybe build to suit STRs.

It comes down to factors like your area, your market, your experience, the team you can draw from and how mush you need to make to support the investment of time and capital. 

Something happened...I have suspicions the rental market is rebounding, but I don't have enough data to support my theory. 

And again, with a separate parcel it should be easier to finance the construction and do a cash out refi. 

Do you have a support channel for ongoing questions?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Section 8: Rents are too high for the program and cash paying tenants are better overall.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsSection 8: Rents are usually too high for the program.Class C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

Partner Driven supported the negotiation, securing the property below market value at $171,000, ensuring enough spread for a profitable sale.

Also, confirm market rents support your investment.