If you can buy at this position you can be picky about price, area, and condition.

Steve Weathers with Pillar to post is thorough and fast, as he works with his son.

Is that 7.918% APR considered high in current market conditions? 

I mean the house was basically in great condition.

The main thing I learned from looking into syndications is properly vetting whoever you're investing with and finding out how they weathered major hurdles like the 2008 crash.

I thought if you rent < 7 days avg it was a business instead of a rental.My understanding is you can still do schedule E if you qualify the STR under these conditions.  

Forming an LLC was a condition for getting lending from an HML.

Weather, startup %, cost inflation fluctuations, you paying $20 like California to get help- have you done a wage study for the market,  etc. 

However since this is a very large yard their deposit will not cover the amount that would be required to bring the front and back yard to the same condition before they moved in. 

.* Since you didn't significantly change the condition or quality of the property, any increase in value would be due to either you paying under market value originally, or appreciation due to buyers paying more for similar properties in the area.