That is with the $240k ARV (which I think is likely high) and the $30k reno (which may be low), but of course, that is without looking at any of the numbers/comps. 

Relisting involves certain risks, such as market conditions changing or not receiving offers as high as $3.15M. 

So it's worth it to get a professional involved.Its highly recommended to consult an attorney on the asset protection side of the LLC and a CPA for the tax implications of the structure.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I would highly recommend adding a cost.

Electric stove, hot water heater, etc.I hope this helps. 

There are $400/hr consults who can assist with almost every topic on these boards.Also, just for your information, I do plan to ask an attorney to review the final document but was curious at a high level if it's even worth exploring this opportunity.Good luck to you sir.

June Is Bustin' out All Over: June typically sees high temperatures rise from 95°F to 100°F by mid-month, with the record high being 117°F.

Comps may seem to support a certain rent or price, (high or low) but it may be pulling data from an adjacent neighborhood that's much different.Plenty to choose from here - good cash flows in the lower priced properties, but an awareness that it comes with less appreciation and rent growth potential.

High?