How long has it been operating as a STR?

You do realize there are many already operating there?

I know they have regulations but it seems from the government website you can operate in commercial zones (C-2 C-3 C-4 C-5 UGCCC, IX, RF, RV, CX, SH).

They weren't experienced operators.

@Kevin Siedlecki I haven’t worked with Norada directly, so I can’t speak to them, but I’ve had experience with other turnkey providers here in Birmingham, where my brokerage operates.

There's other expenses like taxes, prop mgmt software etc.Total operating expenses for the year come to $32k.

I have heard that LG appliances typically have a lot of problems. 

Appliances and fixtures were old and tired.Basically, the core bones of the property were good, but there were a lot of things that seemed ripe for easy improvement.The location was great, right next to the town’s primary commercial district, with a grocery store 100 yards away, coffee shop/bakery, Post Office, drugstore, hardware store, hair and nail salons, barber shop, dentist, bank, a half dozen restaurants, and a variety of other shops and services.

Essentially, there must be a paid parking footprint in the area already.The ideal asset would cashflow from day one with the ability to add value via technology, operations improvements, and/or NN lease addition (or renegotiation). 

I took apart my TV (a few times, and the toaster) when I was 11 and after a little parental lecture, they encouraged it (this time with Goodwill appliances).