No investor worth their salt would be happy with a 4% return on their investment.

There is Northern Utah REIA closest to you, but Salt Lake and Utah REIA both meet SL County and have many investors from Davis Co and north.

I could also be clouded by the assumption that they are veterans and I'm picturing evicting my grand parents, so take my advice with a grain of salt lol.

This is a local lender in Salt Lake City Utah.

There are some things realtors can't give opinions on due to anti housing discrimination laws, but any agent worth their salt should be able to provide you with rental comps from the MLS

I personally have never tried to get a 203k loan so take this with a grain of salt, but I've heard they are not easy to obtain so be weary of that and have a plan B.

Hi, so I'm starting out in RE investing and I have a buddy who is a general manager for a company out here in Salt Lake City, UT. 

@Adam Soelberg, I have only been doing STR a short time so tack my advice with a grain of salt. 

If you were using the LLC to manage others’ properties, then you may need a real estate license (depending on the state)I don’t know your state’s laws though - so take with a grain of salt.

I'd suggest (take this with a grain of salt as I'm also a newbie):Get in, raise rents to $800 immediately, then $900 in 1 year, and $1000 in 2 years.