I tell people if they can match their current rent or do better then it's likely worth it, but you may need to get creative on the cash flow part if you only plan on living their a year or two.

It appears he is on a course of actions that will not change.The pyramid scheme became obvious when the underlings started to reign down in the forums here, as many mentioned, where no one looks too kindly on SubTo, not knowing what they were walking into and not caring because they were looking for the "hungry" bros who would spend the $8,800 to get into the community and "share" deals.

If not they could spend money and time and offend buyers if they update the property incorrectly.There are other options, such as landlording.

@John Brown Running a short-term rental (STR) on a subleased property, often called rental arbitrage, is feasible but requires careful planning.

Just spoke with a business dev rep from BAM today, good conversation, said theyre not worried about rates right now and have plans in place to account for them. 

That sounds like a solid plan!

Plan to make some tenant improvements to push rents closer to market rate for the area.

If you have to do an ARM, have a Plan B to pivot if you need to sell or refinance. 

You also need a detailed explanation of each cost item to solidify a clear scope of work for that specific task.Experienced general contractors provide computerized plans to show the current existing conditions and the proposed final floor plan.

Are you doing the work yourself or what is your plan on tackling the operations?