Don I do a fair amount in SC mainly new construction for my personal portfolio and I do some short term fix and flip JV deals.. the houses come in sometimes from wholesalers land almost never.

This doesn't mean that you shouldn't be ambitious with your objectives, as long as you're realistic.I have years of experience with short-term rentals in Mexico but I'm not sure how useful that can be to you since I invest in beach markets where there is mass tourism and visitors rent for one or multiple weeks so it's fairly different.

I find good deals in my farm area fairly often so I am trying to have my ducks in a row for the coming deals.

I raised the rent to $800 because I was planning to transition the units to paying for their own heat so a lower rent amount was fair.

@Daniel Purcell with City of New Orleans being so restrictive, is there a neighboring City that seems to have less of an issue with STRs and is still fairly accessible to all the things visitors are interested in?

Hi Everyone, My name is Elda and I am fairly new to real estate investing.

Property managers for STRs are typically 25% of your income, you can set it up to be fairly passive if you find a good cleaner and set up your systems.

The fair and honest way is to charge her a depreciated value.

When they are gambling on a completed project, they want to know a battle tested captain is at or along side the wheel. 

You can't arbitrarily decide that you don't want to allocate any of the proceeds to the portion of the property that will create Ordinary income recapture (thus can't be included in the installment sale treatment) - it should technically be allocated amongst all the assets in accordance with their fair market value at the time of the sale.