Maybe self-accountability does matter. 

I took into account a likely cheaper labor rate but will say when we owned units in gulf shores that i was not encountering that low of a labor rate.  

Hi, Jaycee The deal makes sense for me after accounting for all expenses including vacancy, cap ex, and repairs.

While the second LLC does not yet have an EIN, can we temporarily operate using only the bank account of the first LLC (which also holds the property)?

Quote from @Rhyse Andrews: @Erin Helle1) try to squeeze in some tutoring sessions for mid terms/finals before schools go on break.2) set up EIN and a business bank account  Love it. #2 won't take long at all (less than 2 hours total) and will set you up nicely for next year!

I created an account and listing on Furnished Finder but not getting many leads.

The numbers are tough and it's hard to account for all unforseen expenses.

Gross profit is interesting because it appears to just be the difference in his acquisition and sales price and fails to take into account the other obvious cost of running that business which includes, again according to him, the cost of over 26,000 letter print, mail, post, and the cost of the lists needed to create a mailer of that size. 

However, we are able to offer this type of financing internally with our own funds on a case-by-case basis, taking into account the borrower’s profile, the property’s condition, and the scope of work.

I believe there can be great value in paid accountability as it really puts on pressure to perform and can provide you with someone to smack you out of paralysis.