The deal was valued based on a recent sale of the local Holiday Inn, (only real competition for us) which also needed to undergo renovation.

I'm based in cape coral and have majority of my portfolio here... you are right on cashflow and I will add appreciation and population trend is planned to be increased due to this city is one of the cities used as an outlet of miami, Orlando and Tampa since they are too expensive... happy to chat whenever you want.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I’m just a novice on the internet, reach out to a couple pros BEFORE you sell.

They are by that very nature going to have higher risk based just on that fact alone. 

Here are some additional activities that count, toward real estate professional and material participation hours.Research market for real estate transaction opportunities; current office market rates; terms of financingMaking offer contracts for properties that you end up buyingNegotiation for acquisition of rental properties that you end up purchasing; including directing due diligence and managing financial projections/business plansObtaining financing for properties that you purchaseProperty inspectionsAdvertisingMeeting with Prospective Tenants/showing properties to prospective tenantsNegotiate, obtain, & review proposals and contracts with vendors (insurance, utilities, etc) for property servicesReview and Negotiate The Terms of Sale AgreementsStaging and Decorating3rd party contractor, vendor, or service provider supervision

I also called Maricopa county office and they mentioned that ususally whenever legal service is done, the documents are sent to the address of the person/business first even if they are out of state,  before they are sent to the statutory agent.

Interestingly I found out there is new jurisdiction in California prohibiting permit denials based on unpermitted work (SB897).

I'm based in the Seattle area but invest in mainly midwest properties.

I'm based in the Atlanta area and can provide a tested, electronic lease kit- just let me know who is interested and I can send you a direct message.