You have some great suggestions I like too: Midway Stay: Mastering the 30day stay; Midterm Stays for the Long Haul (tweaked); "Straddling the Fence- Mastering 30 day Stays" with A real estate investor's guide to midterm rentals somewhere smaller; It's not that Short-A RE investor's guide to mastering the medium term rental.

If it's vacancy then you know you need to tweak how your renting to lessen its negative impact etc.

I would say you are well beyond the education phase and ready to dive in.Overall your strategy is sound, but may need some final tweaks and checks, please see below for my responses.Property:Does my plan pass the sanity check, or am I completely out of whack?

Changes were mostly related to closing ambiguities in what the cities must do when reviewing plans, with a few tweaks to height limits (cities must allow 18', but the state law does not explicitly state they must allow 2 story ADUs and it's very tough to get an actual two story in under 18' anyway).Good luck with the decision!

I've tweaked the sheet over the years, but it's much the same it was in 2004 when I started.You mentions research.

Using the BRRRR calculator I came up with some numbers, although once I get them rented I would have to tweak them a bit I'm sure.House #1Paid cash $30k , maybe $10k in updating, expected rent $1000 cash flo  $431proforma cap rate ;  12.72%cash on cash ROI ;  17.5%   total cash invested after refi  $0  !

Let me know, because I need to tweak my financial plan to account for anything that could possibly bite me later.

If that's the case and these other aspects are tweaked you'd look fairly solid. 

We (2 main partners & I) had already done 3 LLCs for various properties and essentially just tweaked if for the new one.

I prepared pre screening criteria, which Cam shared and tweaked it based on the inquiries, market and interest.