Quote from @Russell Brazil:  yep that does it, we lost our home in 99 in an f5 when I was younger,  no close calls recently in OKC though,  also seems like tornado alley has shifted a bit to the east but who knows.

It is our full time job (so no other W2 job for us).

However, given that we anticipate completing this project well before that timeframe, I’m exploring alternative solutions to better align with our timeline to get our investment back soonerThank you again for your assistance! 

Quote from @William Taylor: Quote from @Addy Chupa: Hi William,I ran some numbers using our tool, and I’ve included my thoughts below, along with two scenarios: one based on your exact assumptions and another with adjusted figures that I believe could make the deal work better.Observations on Your Numbers Utilities: Based on your calculations, it seems you’ve assumed the tenants will cover all utilities.

My wife and I just bought our first condo over the summer and plan to turn it into a rental later on down the road.

@Caleb Rehg  I would advise your first step is to search this site for college student rentals and student rentals and read all you can. 

Say my neighbor wants to buy a 1 millimeter strip of land along our shared property line for 450k. 

Yes, on hold again as of 12/26, and you can always check the official government site itself:https://fincen.gov/boi

Our net worth is 4mil so our CPA asked us to move them in LLCs last year.

At our wealth management firm we have CPA's on staff, we provide overall wealth management services for high net-worth clients.