The homes that you used to determine your ARV are a good reference point. 

The unobstructed water views for both front STR units can be challenging to determine additional value compared to other 3-unit properties without views.

This move is such a great example of what determination, solid planning, and truly listening to investors’ needs can achieve.

You may want to pay an appraiser to determine the value at the time of inheritence.

If you determine that the numbers look good, make sure to check other sites to see if the comparable property is on multiple sites that may add to the numbers.  

After years of research and deliberation, my wife and I determined to start our real estate portfolio in 2025.

My other SFR notes have interest rates determined by the borrower's cash, credit score and income - so market rates or higher.I understand the difference in performing vs non-performing notes and that performing can become non-performing pretty easily. 

@Geoff Engel depending on what amount of available cash you are starting with and what you ultimately want to achieve will help determine your path.

Include a buyout clause allowing you to transition to sole ownership after two years, based on a pre-determined valuation formula or market value.Use an LLC to hold the property for liability protection and pass-through taxation, ensuring both partners benefit from depreciation to offset rental income.

Financing is important but your realtor will absolutely be the determining factor whether you purchase correctly or not.