The accidental genius was instituting sufficient controls to make sure his students are doing the work they're supposed to and not coasting their way to failure.If it gets you started and improves your life, it's a worthwhile investment, for you.

Not that it’s a bad choice but what’s your reason for choosing there.

There should never be a choice between a property that cash flows and one that builds up equity from appreciation. 

Salem generally offers better ROI and higher chance of cash flow, making it a compelling choice for your first BRRRR project.

Renovation loans such the 203k, Homestyle, Choice, etc. for a project of your size will require 1 GC to run the project.

First issue is an investor always has a choice for liability protection: Insurance vs LLC setupIf you have enough insurance, you can cover any lawsuit!

Therefore, even if I obtain a good value for the surface yield, it's possible that the Net Yield is unexpectedly low due to unexpected expenses.In Japan, the ideal yield varies depending on whether the property is new or used, the bank's interest rate at the time, and the real estate market conditions, but if the real yield on any property is 10% or more, the property is reasonably profitable and the cash flow is sufficient in many cases.

If I start running it as STR starting in June of this year, do I have sufficient time to meet material participation?

I feel confident that this act isn't acting in the "grey areas" of companies that become investigated by federal governments... if you are insinuating the cause to the former investors distress is something to feel concern that the federal government might investigate upon... well I'd again, urge you to read the entire thread and you will find sufficient evidence there showcasing in transparency, exactly how we operate.... no grey areas to be found there.However I appreciate your concern :) If you have any questions or would like more information about our company and its practices, please feel free to reach out.

Welcome to BP SarahHouse-hacking is a great choice.