@Saran MandhadapuThat requires a deeper analysis than we can do on the free forum.S-corporations had precedents and therefore are relatively safe.

But here is some info you'll want to read if you do decide to delve into Cleveland deeper. 

.); guidance through inspections (as many sellers get emotional and lose sale during this process), coordinate required repairs, resale packages, comps for appraiser to help avoid appraisal issues,  pest and moisture reports, walk-through, etc.   

It's simply a compound of words, throwing emotion at it won't change a thing. 

Not emotionally attached to the house at all (not really the sentimental type), but still don't want it trashed due to laissez faire management. 

As l go deeper and deeper into this thing it really seems that you are going to have to find off market deals to make something work and it has to be a killer deal.

This would be most profitable as STR.I feel like my naysayers are being emotional and just looking at the upfront costs.I know sh*t always comes up after the fact, but I'm not afraid.

NEVER GET EMOTIONALLY ATTACHED TO PROPERTIES!!

Once I start digging deeper they gain and lose points for credit, landlord references. 

.- I may be too practical to let myself purchase a mediocre deal and I am not interested at all in a bad deal.I realize this is an emotional and impulsive desire to have something flashy instead of another safer, practical rental, but I want to hear from you guys: Is it possible to find a cheap beachfront studio and make enough cash to consider it an investment, or would I just be throwing money away for a slightly brag-worthy deed?