Quote from @Carsyn Childress: I have searched Facebook groups, Craigslist, and meet-ups with little to no luck with consistent volume.

As for soft costs, you’re looking at a fair amount for a condo conversion-there are legal docs to have drawn up, reviews, surveys, recordings, setting up the HOA, reserve studies etc.

I think the easiest way is just to set up an excel file for the property and put together a punch list, room by room. 

I am targeting Cincinnati, OH as potential first market because I grew up not far from there and have at least some connections.

It's a beautiful property up in the mountains.

Rents have gone up but nowhere near enough to overcome it. 

There is a ton of info on this site, as well as a meet up that others have mentioned.  

If you did finance some of the purchase using a non-recourse loan, then you need to read up on UBTI/UDFI and there are some taxation benefits that the IRA can achieve since it now owes taxes in that scenario.

@Brandon TylerThat’s an exciting step—getting your real estate license will open up so many opportunities to learn and grow!

But yes, now that we are here, maybe let him know that if things do not get up to date or cleaned up you will go to his superiors.When people are late right at the beginning, I let them know that the behavior is not acceptable and let them know there are consequences to that bad behavior.