We write up a deed and execute the sale.

You need to know what a cookie-cutter deal looks like for the source so you can not waste your time bringing in the stuff you know they won't do.  5) Then you close on the property and put the execution plan in place that was a team effort on behalf of you, the lender, the GC, and the agent. 

Tom,I completely understand the strategy you are looking to execute and accomplish when it comes to offsetting your W2 income with STR paper losses via cost segs and bonus depreciation.

Madison (senior living) and Nelson (student housing) have suffered from a combination of poor planning and poor execution, as our income from those investments has either stopped or diminished.

@William Vreelandsetting aside the specific market for a moment, do you have a plan to execute every step of a BRRRR? 

Where does it explain HOW they will execute their services?

So purchase price, as long as you can obtain initial funds to execute the BRRRR (including the value add), has zero bearing.  

The notice of sale must include an executed duplicate original of the third-party purchase agreement and make available specific details about the property including the most recent rent roll, list of vacant apartments, income and expense report for the 12 month prior to the notice and any other information the Housing Commissioner may specify by rule.Tenants’ first right to purchase the building before a third-party (‘Right of First Refusal’)Tenants in buildings with five or more dwelling units have a period of 90 days from receipt of ‘notice to sell’ to form a union to exercise their “right of first refusal.”

This outcome demonstrated Partner Driven’s ability to identify and execute rapid-turn deals effectively, underscoring the benefits of our partnership with Rod King.

Full disclosure, I dont only use them, but I am an account executive with Hostaway.