The 70% rule is a good starting point, but also factor in local market trends and high-ROI upgrades like kitchen and bathroom updates, modern flooring, and curb appeal.

Consult a real estate attorney and CPA to finalize the LLC structure and ensure the transaction, tax filings, and ownership terms comply with state laws and IRS regulations.

.: This is one I’m considering…they’re active in the local RIA here in Orlando (CFRI.net):https://sdrhouses.com/ I know Rob Arnold (broker) personally.

The tenant laws are also not on our side. 

There's no difference in a local flipping a house than flipping the small mixed-use building that is vacant in town into a couple commercial units and some apartments above. 

Look up your local laws on how much notice you have to give to to end tenancy and then give them that notice.

@Jaycee Greene local bank.

The majority of people I see on BP asking about syndication lack any track record of success, do not have sufficient knowledge of the property type specifically or real estate principles, financing and law in general, and have little or no capital.  

On the surface, it might seem cheaper to hire a PM company, but when you factor in vacancies, maintenance, and under-market rents, you’ll likely come out ahead by managing it yourself.I used to work for a local investor with 500+ units, all in one town.

I’m local to the area and have a few good insurance contacts that may make the difference for you.