I have no idea exactly how to market it properly, currently we are hoping a BnB hobbyist would buy it, but the population in Tellico Plains is very low, and older, leaving us not much to choose from.Any thoughts on how to work this thing?

Some of this is just plain wrong.

Sometimes, I can see that the customer just makes a plain negative review with no specifics, and I usually take those with a grain of salt.And, sometimes, the business owner digs his heels in and makes a poor situation worse, based on their comments.

Buy for appreciation, either thru value add, forced equity or just plain old appreciation.

I'd be willing to do that on $350k+ loans, but anything less than that, I need to be compensated for the huge pain in the butt a rehab loan is for me.I make 1.75% on plain vanilla loans and that's pretty low for most brokers.

Turns out, part of the building is located at the end of a flood plain which adds an additional 4000.00 a year in insurance totaling the 8700.

Also check out Lake County Property Investors Association or Rogers Park Building Assocation.Keywords: Glenview, Chicago, Lincolnwood, Evanston, Morton Grove, Park Ridge, Rogers Park, West ridge, edison park, des plaines

Only to stop and see that such comments get way off track from the original post and I'm not going there because someone has an obsession with non-recourse debt and plainly does not understand what is proper and improper, prudent and imprudent and tries to apply such debt in personal or closely held business transaction...all I will say is watch out!.

The places we have looked at that would cash flow are just plain weird.

- The rental property series would be plain LLCs that would roll up into the parent LLC.- I think the parent and each cell would need separate accounting (bank acct, money tracking, etc).