Welcome aboard Michael and best of luck investing!

Quote from @Michael Baum: I see what you are saying @Theresa Holl, but I would sure be leery about someone with no experience managing my STR.

Quote from @Michael Baum: An LLC isn't really necessary for a single or even a few STRs.

Quote from @Michael Baum: Hi @Ivan Aldana, so you are a not really informed based on some of you statements.First off, COVID drove people to vacation at STRs all over the place, but especially in more rural areas where they can get away from it all.

Quote from @Michael Smythe: @Kevin Goldman what you haven't shared is what your ROI was on the property.$5200 in gross monthly rent doesn't tell us anything about the property taxes, insurance, maintenance, etc. 

Quote from @Michael Baum: Hey @Anand Khanna, your lender is correct.

In addition to what Michael said-if you do go ahead with purchasing it, write in the offer that they can not rent out the vacant half, deposit from the occupied side is transferred to you at closing along with prorated rent and get a copy of the lease that has been verified.

Quote from @Michael Smythe: @Uzziel Cortez not understanding why you think TX is cheaper than FL?

Welcome Michael! 

Quote from @Michael Smythe: @Nicole Sweat Martel stopped referring our company because we wouldn't support their optimistic numbers on purchase price, rehab budget, ARV and rent.We also dealt with a lot of novice investors who didn't seem to want to take the time to understand the process and the challenges.ALL investors should understand that when renovating old homes, there are unexpected surprises that no one could predict.