that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

AZ compliance on LLC is dependent on a number of factors including how many investment partners are in LLC.  ...

When we are asked for a proof of funds, I will write a letter, likely similar to the one you received, and I always include a redacted bank statement.

But they use high level tech....pre screen, self showings, and the 1225 is the standard fee for first month lease up services including them drafting and getting tenant to sign lease..

The last full septic I did in NJ was 42k including the leech field and everything new.Most towns get sent a septic inspection these days and will require that it be done.

Looking into the STR market, i would suggest a couple things to include into your property search. 1) the STR market is very saturated here so look for something unique or offer unique amenities to your guests, this will help your property stand out 2) different set of rules for properties located within city limits vs without i.e. outside city limits doesn’t require a permit which the city is cracking down on the amount of STRs on any given street or neighborhood 3) HOA is a big deterrence as a lot of HOAs don’t want any rentals of less than 30 days so an in depth search into covenants and by laws would be doing your due diligence.

We are looking for a Co-GP that has good track record and help us to manage the properties we are buying, we will do the heavy listing including bringing investors.

Communication is challenging, most likely uninsured, but this is in-line with the budget.c) Keep searching for contractors, adding time to project and potentially costs.d) Buy scaffolding or rent scaffolding or a lift and demo myself for under $1,500, including dumpster.What would you do??

Calculating the cash flow for both properties:Property A: $1,800 x 12 - $2,000 - $1,500 - $250 x 12 = $15,100/YrProperty B: $1,600 x 12 - $800 - $600 - $35 x 12 = $17,380Property B is the better property once operating costs are included.SummaryBecause the rent price ratio does not include recurring costs, it almost always provides invalid results.

We won't be renting this unit out and it will likely be a condotel since we're looking for something that includes a parking garage.