Hello All, I am not sure if there is a rule of thumb to how much a design should cost but I received an estimate of $23K for Civil engineering work (site plan, storm drainage plan, site grading, soil erosion & utility plan), $25k for  Architectural and structural and $11K for MEP for 12 units townhouse (2 bed and 2.5 bath) on a slab. 

So far I've done things like make my LLC, work on getting a bank account, and work on a PPT for private investors, and have a web site.

None of that matters because the algorithm and pacing of the sites and their own personal directives change faster than the speed of light.

Everyone has opinions but some are not based in reality.If you are not providing significant services, like daily cleaning, on site chef for meals, custom tours etc. you should be filing on a schedule E. https://theshorttermshop.com/is-short-term-rental-schedule-e...

Valuation of the property is estimated at $1M and we need about $400k financed.Presently, one unit is occupied by the on-site manager, two units are leased as long-term, and the other four are STR. 

neighborhoodScout ranks it 10/10 for this century

Francis Great seeing you on the site!

I've been in miami for 10 weeks and looked at 500 sites at least with myself and my team for those exact same reasons.

Depending on strategy I would rank them as followsFix and Flip: VB (I would focus on higher end Flips with bigger returns), Chesapeake (mixed but most opportunity for higher end Flips), Norfolk (lower end and older homes to me = more headaches), Suffolk, Newport News. 

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.