An LLC requires additional time, effort, and money to set up and maintain and juice probably isn't worth the squeeze.

., a one-time reduction) without admitting fault, which might maintain a positive relationship with the tenants while protecting your interests.

While I’ve gained more experience in real estate over the past couple of years, I still want to ensure I’m handling this situation correctly.

For an off-market deal, the broker doesn’t necessarily have a fiduciary duty to me if I’m the buyer, correct?

Multi-family units (duplexes, triplexes) allow you to maximize rental income while maintaining some personal space.

John, not sure if you are familiar with the current STR situation in Huntsville, but the city has shut down STRs that are not zoned correctly and also not permitted. 

On top of that, the tenants are lower-quality, so it takes more work to maintain communication, enforce the lease, etc.In my experience, the additional work and eventual losses erase any benefits of Section 8.

Lawn: if it's in a HOA and you care about maintaining the look of the exterior, owner should take care of lawn.

I am currently thinking that the ARV of 160-165 is accurate and I will be able to cash out refi and have no money into the deal but you are correct it will be a cash flow negative.

But either way, three days or 10, you are correct.