The Cash on Cash return?

Did you follow or attempt to follow everything on your end such as inspections, etc and were stymied?

Hi Rennell, welcome to BiggerPockets and the exciting journey into real estate investing!

Who talked you into buying the Costa Mesa condo? 

I specialize on STRs in the Tampa FL area.  

Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!

Any tips or advice?

I have watched her grow her business since the beginning stages.

My endgame is to end up with $300k/yr in post-mortgage income in 20 years based on investments I make now followed by continued investments over the next 10-15 years own.

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.