That said I'm not 100% confident in this answer so take it with a grain of salt.

Your insight gives me more confidence to invest.

Quote from @Dave Foster: @Ken Mull Yea  @Zaina Jouejati is right on the money here.

All of my properties (8) are between 50-100 years old and I’m confident are worth much more than a new structure in a cheaply built community.

If there is an area where you are not as confident like plumbing, electrical work, etc... then you can always find a subcontractor for that. 

This is appealing for short-to-medium term gains, especially if you’re confident in your ability to refinance or sell in 15 years.

I have done my research and feel confident the properties will still cash flow with Long Term Rental rates in the area, but will cash flow a much higher rate if the STR rates on the estimators are accurate.  

For his second approach I can confidently tell you it will cost you much more money, and cause several delays.

Talking with an experienced QI like @Dave Foster can help you with the rules. 

We know how tricky it can be to find legitimate sponsors and solid deals, so we built PassivePockets to give you the tools, resources, and community support to help you invest with more confidence.