Or just adjust it up based on age?

It’s about building an actual business with your own customer base (and not what you lease from OTAs).

But they pay based off rental comps.

Based on the financial piece, and I am not a lender, but getting rid of your Credit Card debt would be my first goal if I was in your position.

Hello, Been in touch with Von Finch Capital and looking at their offerings (Denver based syndicators) and like what I see but would like to hear from people who have invested with them.

Are you interested in making max return based on market rents or are you just happy having a tenant and not having to do the work of finding a new one.If you raise the rent by $50 - $100 he may stay or go.

@Micah Loewen if you can't fix it the additional language just draws attention to it.

I guess this leads to the question where could I find an affordable LTR based on my budget.Would really love to get some advise what an experienced investor would do.

Also realize that the taxes on the unit that you are basing your purchase on - are the current owner's taxes.  

My advice is to speak to a few local HMLs and ask them for their rehab estimate spreadsheet, which most should be happy to provide.FWIW, based on my assumptions above, you can’t pay more than around $480k for this property.