Total cost to me = Free estimate. 

An LLC is not free.

And feel free to contact me or my wife (Marcia Gilad, also on here) with any questions, we're both investors and lenders.

I understand that short-term rentals are only allowed in the Commercial Zone and Historic Core Zone.

So, if your BRRR budget uses the entirety of the $80K it would make me real nervous because then you don’t actually have free cash to cover that bad case scenario.

See if you can get a free estimate and pick the brain of the estimator!

Is there a first mortgage or will they get the property free and clear?

The nice part about real estate, however, is that since a property's tax value is depreciated over the course of 27.5 years (39 for commercial) that depreciation is considered a "loss" and counts against any positive cash flow you had.

Please feel free to contact me for additional options and information.

I live in NYC but open to a lot of the mid-west/central markets given lower entry price.If you're looking to get started like myself, or even wants to invest together - feel free to reach out!