You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage. 

This group of 10 individuals has, through direct investment with us, and referrals accounted for over $65 million in invested cash in our syndications.  

Om rrandom bit of advice: you might be able to get by with 1 high-speed internet account if you use aseries of good Wi-Fi extenders, like Eero. 

You should be within $50- $100 of market rents for long-term tenants with taking into account the condition of the property.

You can take any amount you want out of that profit but realize you will be taxed on anything that hits your personal account. 

We are helping with his accounting, business valuation, and exit.

Quote from @Account Closed: I would say.. can you save the tub and re-glaze and redo the tile on the wall can save you $1,000 or more just on materials and labor..

@Guillaume Vidallet I'll chime in here since it seems like everyone answered your question and gave some great advice.I'll suggest that whether you have one LLC or multiple LLCs you have separate bank accounts for each and make sure not to commingle any money.

Definitely consult with your accountant on that.

Then you need to bid fair market value, not appropriate the bid to take into account the STR revenue but more so LTR.