My motley crew of salty dogs, I wanted to take care of them. 

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

I'm planning to start an LLC but I'm wondering if I should wait until I have 100% chosen my market so I use the state of that market? 

Have you spoken to local fire officials who would burn it down for you as part of training. we were able to do this once where we coordinated wiht local fire department and they burned it down for us and took care of it as part of their training. 

Also, be very careful with ARV with refinances as the Appraisers will see what you bought it for and refuse to appraise for much more than that.

As others have stated, your fit & finish goals should be guided by whether you plan to:1) Rent: tenants don't always take care of a property, so you want to use lower-grade materials and workmanship.2) Flip: higher quality on workmanship and materials is usually required.Regardless, you always want to "Maintain to the Neighborhood".

Total Revenue to date for airbnb ArbritageSo this is the part that a lot of people care about INCLUDING myself, so I've been really successful I can say that I have done a great job with researching and expanding so far, in I have made in total revenue *drum roll please*  $204,301.84 with profit averaging around 20-35%.

Secondly when I was more involved with CA RE in the LA basin. 

Set a clear budget, research properties carefully, and keep growth potential in mind as you plan.Good luck!

Doing our best to not let our clients get caught with their pants down while still being clear that we won't be taking care of it.