@Shannon Vistisen I would say this, unless you know everything that is tied to that entity, buy the property alone.

I’ve had several deals like this on the buy side and sell side where the “gremlins” came out and started whispering against my intuitions.  

To buy or not in Portland!!!!  

I'm in Chesterfield as well, looking to buy.   

Flip side, for a third of that you are trained to find properties using creative finance taking over existing low interest loans that cash flow and you are buying in decent neighborhoods with every day lunch box Joes that have kids and go to work and pay rent on time. 

Investment Info:Single-family residence buy & hold investment.

My Wife and I are going to pull the trigger in 2025 and are looking in the Central PA area to buy our first STR.

If you are buying to live in, you could also do FHA with a cosigner.

Have your CPA run this scenario with your numbers; too much money to take advice from the internet!

Buyers don’t care if you shelled out more on the rehab, if you’re priced too high, you’ll end up sitting on the market way longer than you want, driving up holding costs.Lastly if your buying on market, REO or Corporate sellers are dominating and not as willing to negotiate as owners would.