John- the option I’m evaluating right now is to create new LLCs as single member LLC in my state and owned by a multi member LLC (my partner both at 50/50).  

Once you know the answers to the questions above, you can better evaluate bids you receive.

Anyway, I just felt like elaborating and to emphasize that you have to evaluate someone’s situation thoroughly, and of the financial products and services available I would not label anything in particular outright bad, it just may not be appropriate or as useful depending on the context of the situation. 

Paying too much initially can significantly impact overall returns, emphasizing the need for thorough due diligence and possibly more stringent financial analysis before purchasing.For future investments, consider leveraging local market knowledge further and refining your property evaluation techniques.

Thank you I would always refer people to trusted sources like @Brian Burke , who have a good reputation and while they have their own products to sell can help evaluate the claims made by another fund.

Assets should be evaluated on ROI and unencumbered cash flow. 

@Tomomi Ohta I don’t know a single investor who would evaluate properties in Texas using a 2% rule, let alone the 1% rule.

Any help is appreciated as I'm trying to get a better grasp on evaluating short term rentals including the steps you go about to finding your target markets.

Hi BP Community,I'm in the process of evaluating a fix-and-flip opportunity for a single-family home (SFH) with the following details:Purchase Price: $1,000,000Renovation Costs: Approximately $400,000Estimated Timeline: 12-14 months from purchase to saleI'm trying to determine what would be considered "good enough" multiples and internal rate of return (IRR) for this type of project.

Presently evaluating refinancing to take my downpayment money out of one property (at that point it feels like a "free" property) and balancing if I should focus on aggressively paying some properties off or keeping leverage... classic dilemma I guess.