The realtor tried to talk me up to at least 175 but… that’s cutting a bit into my profit margin and I’m not that eager to buy it because that’d also be my biggest renovation project.

Those are probably the biggest pieces, the rest is talking to other investors, surround yourself with these folks, build the relationships, run the numbers, get comfortable with the numbers, and start writing offers. 

@Cody Lewis have you spoke to Mike Savage about his revenue management for STRs?

Nothing is better than your own spreadsheets, but the truth is that spreadsheets and tools and programs are the biggest cause of analysis paralysis in the business.

Biggest thing I would do is to build your CORE 4. 

They are a lot of work and the revenue is inconsistent.

Sorry for the lack of good advice but we are in one of the biggest home sales droughts in U.S. history so it’s just a tough market. 

I would just say the biggest red flag here is "anything sounding too good to be true" - whether thats a hard money interest rate well below market, or 100% "no skin in the game" financing, etc. - those are the biggest red flags here IMO

Don't know much about it other than the fact that it has about 1000 open grave sites and they also bring in revenue through digging and maintenance.

The 2 biggest fees with a PM company is the % of 1st month rent they take and then of course the 10% average monthly of the rental they pocket.