How can you read a deal as a slam dunk and what does that look like for you? 

While 80% of these deals will most likely be terrible, you should be able to find a couple worth walking or offering up on.

Short-term rentals (STRs) are highly regulated, particularly downtown, so areas like Mount Pleasant, James Island, and North Charleston may offer more flexibility.

REI is nothing like that.RE analysis is based on actual numbers using dollar signs, not percentages. 

Then, the last few months I find the electric bills to be exorbitant, like 3-4X normal.

Additionally, if he’s legally and financially tied to the property, it might limit his flexibility if he wants to make major life changes, like moving or starting his own investment ventures.Ultimately, the decision depends on how involved you want him to be in the financial side of the property and how much risk he’s willing to take. 

They seemed good, and looks like they have prior experience managing the building I’m buying (based off the leases that were submitted to me) but way to expensive to what I’m use to … $137 - $184 per door (over 10%) and then $750 per door for the maintenance reserve. 

You want to look for like/kind SOLD properties to compare so, single family to single family and multi to multi (2-4). 

Like everything in real estate, it comes down to negotiating a good deal upfront.

It seems like the real support you would receive from Pad split is them helping find the occupants/tenants And them processing the rent.