Actually seems fairly straight forward as far as auctions go, but I am certain there are a few things that must be completed before hand, like registering etc. 

This is my first investment property so I feel more hesitant about going into rehab work than something fairly newer or even older but with minimal repairs/recently renovated.

To maintain the Premises in compliance with the applicable health and safety laws of the state, and of the local units of government where the Premises are located during the term of the Lease.

I have worked with out of state investors and am fair and transparent with pricing.

Lots of decent YT videos as well.There is no (or little) value in having a RE license just for your own use as an investor, and the costs of maintaining it like a full-time professional are higher than you would think.

Ensure major decisions are made jointly.This setup balances the partnership and fairly rewards both contributions.

It holds up fairly well, is moderately priced.

Hi Nick,I'm by no means an expert on South Bend, but I'm fairly familiar with it.

Selling even with 1031 triggers recapture taxes on bonus depreciated asset.Switching to STR: The IRS looks at the average stay over the full year to qualify for bonus depreciation, even if you switch mid-year.Co-Host Hours: Limit co-host hours to maintain material participation.

As a triple net lease tenant the property will get cleaned weekly, while making sure the property is properly maintained.