Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.

As @Susan Maneck mentioned instead of Sec 8 for landlords section 8 needs to take those same dollars and turn those same folks into home owners..

The city is crushing it and folks are finally waking up to it.

It makes sense to rent and save up that extra money to apply towards a future purchase. 

There is a FB group for Connecticut real estate investors and I believe they are folks who are active members of CTREIA. 

Zenda is a very small town so I question the demand for folks wanting to live there so that effects both flips and LTR and is a far enough distance from Geneva Lake that IDK the demand for STR so all of these things must be considered. 

However, this might expose your operational LLC to risks associated with your rental properties, which could be mitigated by keeping them separate.Cons: Separating Y from X could provide an extra layer of protection.

I've always been curious on this one as I run into a ton of folks that did taxes incorrectly on turbotax/h&R/etc...and for the question, I think reaching out to a local CPA or to Michael above and just paying for it may be far easier than trying to deal with the IRS yourself.

Love that you already have some Columbus folks reaching out to you!

I use Podio, I have been using it for a few years now.It's free for the first 500 contacts, which is perfect if you are getting started.You can customize it to your business needsThen after, if you want to automate the system, you can use Podio Automation for an extra feeGood Luck