Then add in the two distinctly different types of buyers for these properties, the investor and the owner-occupant, and you get two different price points as well.What I'm getting at here, is when it's time to refinance, you will need relevant comparable data in your area to back it all up.

One potentially relevant detail is that my partner will secure the loan (not commercial b/c 4 units or fewer) in her name.Once we set up the LLC, do we write the offer using the LLC?

But at the end of the day know comps, property specific criteria, etc. are more relevant for determining an estimated appraisal value.Account Closed The model I'm currently building out is more to analyze just the return/breakeven on the purchase of the property from a BRRR strategy perspective - i.e. initial purchase price, cost of rehab, then refi - under base case scenario if I assume I'm able to cash refi out my initial cash investment (price of house plus rehab costs and associated refi costs), broadly speaking, I would consider that a success.

You can pepper him with questions.My own experience for short term rentals is very limited but more location relevant than the folks who replied (two properties : one in santa cruz and one in capitola).

Here are a few quality resources I've benefited from: Podcasts: Lifetime Cashflow through Real Estate Investing, Rod Khleif Wheelbarrow Profits, Jake and GinoThe Commit to Wealth Podcast, Juan VargasBest Real Estate Investing Advice, Joe FairlessBooks: The Millionaire Real Estate Investor by Gary KellerThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesHow to Take an Apartment Building from Money Pit to Money Maker by Craig HaskellYouTube:  Grant Cardone (Big personality, but there's truth in what he's saying) Peter Harris and Commercial Property Advisors (Older channel, but still relevant)Industry Trends/News: Multifamily Executive MagazineBisnow

A cash buyers list is only relevant if you are going to wholesale.

Listen and learn from others' issues.REIM - Has good monthly meetings with relevant topics. 

Once you know the relevant building restrictions you'll want to have an architect whip up some rendering and plans for what you can do in the space, finalize those, and then take it to the city (if you live in a city) for approval and permitting.Then comes the GC/Builder work -- prep the site, foundation, walls, roof, and then the rest you can guess.

Currently reading as many relevant postings as I can to be informed. 

I see myself as pretty ambitious and am an MEP Engineer which does give me some relevant real estate knowledge.