Quote from @Avery Oblepias: I’m needing advice has any one taken the Tom Cruz section 8 program if so was it worth the investment thank you  He's a total dork.

Because it equals the total value of the units @ $268,750/unit so something doesn't make sense. 

If the home is 100 yrs old, I'm assuming it's a definite gut which is going to require new plumbing, electrical, heating, cosmetics.I spent about $140K reno on my multi family in the heights on NY ave and there were massive problems with it but it was a gut to 3 units & adding 2 bathrooms, 3 brand new kitchens 4 bathroom reno in total, all new flooring, sheetrock , insulation, framing, doors, electrical, plumbing, paint, parts of roof etc.

The Bond market agrees with that assessment and is dubious there will be more than 2 total cuts in 2025.

            # UNITS         Occupancy           Yearly Revenue (EUR)TOTAL MARKET               530                33%               994Single Bedroom                114                21%             5,120Studio                 7               31%              9,6761 BR               95               37%              7,5942BR             138              37%            10,7643 BR              97              36%            13,1224 BR              34              24%             18,2625 BR +              45              23%             21,225#These are just the average values, then the top rental properties by revenue (EUR) are:1st - 84.912 EUR: www.airbnb.com/rooms/10051002nd - 82.219 EUR: www.airbnb.com/rooms/152479023rd - 79.497 EUR: www.airbnb.com/rooms/13569807#I also have the data by category of property (studio, 1 BR, 2 BR, etc) in case someone is interested.Be well.

Purchase Price of $215k + $240k Reno costs Totaling around $450k all in.The property appraised for $875k What made you interested in investing in this type of deal?

I take a percent off of total top line (including cleaning fees) that is 5-10% less than what a local "hands on" operator would charge.

This totally depends on the state and many look at STR as hospitality and you don't need a license and all that jazz.

What’s the total cost?

My goal would be to have about 60K total to put into something.