I agree with Michael.Appeal to everyone with maximum overlap instead just a few.For sure, if that approach works for you, I’d definitely stick with it!

I can't say for sure what the reasoning was, but the developers at some point around this time put a chainlink fence around the entire property - its 155 acres.

First I would make sure where you are building allows STRs with no or few restrictions.

Your assessment is fair for sure.   

Therefore you have to rely on contract, if its a new build, make sure its in the Purchase Agreement.Why?

Fewer but better properties will usually outperform more "affordable" properties. 

Or can you still run everything through your personal return (just want to make sure that I can deduct things such as HOA fees which I can do if it is a rental).2) If I do decide to run everything thru my personal tax return (save on LLC fees), should I at the least set up a separate bank account to track costs separately?

With your pipeline of off-markets, cherry-pick the best for yourself to close on, and on the rest, lock them up with a long inspection window, and make sure you have an option in the contract to Assign the deal to another buyer.

Since they are considering renting their properties out, sell them on the concept of getting consistent cashflow from you - without the hassles of being a landlord.You will then need to make sure you can make those monthly payments EVERY month in addition to do remodels.

Hello,Not sure if this is the right place for this question (if not, please let me know and I will correctly post).I currently rent out 2 homes.