BP, Members....Any suggestion on what rental property Insurance company to go for (duplex)And someone doing good job on....Painting, Flooring, Cleaning in Grand Rapids, Michigan (SE)Thanks

They are in SW and SE Oklahoma City.

It's located on the SE side of town, near the hospital, and see online that there are plenty of smaller multi-family properties listed for a fraction of this one.

Drew,My wife and I are relatively new investors in the SE Michigan area and have two condos that we are renting successfully.

We currently have to belong to two MLS's here in SE MI, it's ridiculous, I probably have almost 3K in fee's in michigan.Don't forget when the tax man comes knocking for his 1099 income on what you "made" from your commissions.

Cap rates aren't targeted per se in the same way that other metrics are targeted.

You also have a bigger problem...the UK treats US LLCs as per se corporations for UK income tax purposes whereas in the US they are more like chameleons under our "check-the-box" regime.You should retain a tax professional. 

I believe the closer you get to SE OKC you will want to step back a bit.

This Project is in Washington DC SE on H St.   

If your average stay is below 7 days and you provide 'substantial services', you are more like an active business/hotel.Your income is not considered passive and your income would be subject to SE taxes.Depending on if you have rentals that are long-term(especially if they are passive and operating at a tax loss), it may be bad to have the income from your STR be considered non-passive as you won't be able to net the two.