Also keep in mind I factored in 9% between CapX and repairs, assuming the age on the major systems isn't too old. 

One thing for you to keep in mind would be to make sure you have the right team, investors and research any potential securities issues when you solicit passive investors.

These are tough questions to answer and as you can see, you will get answers at all ends of the sprectrum from everybody across the country who likely don’t know your market, your budget, what you paid for the house, what your contacts are, etc.So with that in mind, I can tell you that generally speaking - kitchens, master baths, and curb appeal sell houses.

So you can leave cash in it to keep it cash flowing if you don’t mind tying up your cash or you could just flip when you’re done.

If you're operating a short term rental that focuses on <30 day stays, you should consider a Schedule C business.The 2018 Schedule E tax forms has a box for Short Term Rentals but I'm not clear what they have in mind.

@Aditya Maini You're making a lot of assumptions and it sounds like you've already made up your mind.

Attend the conferences, networking events, deal making functions.

You just want to ensure that all of the major functions have been upgraded - like no more knob and tube wiring, for example.

Would love to hear your feedback on where you think we can attract the most amount of real estate minded people as far as a location standpoint goes.

I do not mind doing the legwork but I need step by step instructions.