Is it before you interview them?

could it service the debt on $1m?

@Daniel Baker What do you mean by breaking even??

This property has some one-of-a-kind qualities namely a nice creek with inbound and outbound waterfalls at each end of the property (its on a hill w creek canyon).I've gotten the septic scoped and certified, well is good, power needs to be reinstalled as property was abandoned years ago.

Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.

One thing I suggest doing as you do your research as well is to find a property on AirBnB that you like. 

I do not have any loans through Flagstar Bank, but I would talk to them prior to moving it into the LLC.

Hi Chris,My advice would be to start by doing your own research.

Seriously though, if you haven't already get your self a solid real estate-focused tax professional in your corner.

I’ve never ripped anyone off, in fact if I forgot to do something I’ll end up having a dream about it and go back and do it.