If all of the above are a yes, then you can go further and do research on if your market is even good for an STR.

There is not good answer to your question. 

Depending on what you're looking for, you can find a good mix of affordable properties, especially in the under $200K range.

These homes have long term tenants and will cash flow albeit slightly under $100 per unit if I don't raise rents.

That question isn't going to help you get good answers.

-Even though I'm good at management do I treat this venture as it own as if I have no PM structure - or use my team as if I'm my own client?

Asking price: $399kRehab: $65kARV: 570k The roof was replaced in 2024, the water heater in 2019, HVAC in 2019.The house looks to be in good condition..., but will need some cosmetic repairs. 

(especially for those involved on this website)The reason I mention if it matters on this website is because most are real estate investors(long term buy and hold) and will most likely operate at a tax loss which doesn't have an impact on taxes.The second point is, will you invest or not invest in a good investment because of what your tax rate is?

I'm trying to wrap my head around working with investment capital long term, and there's also the potential for some seller financing from the building owners, and my cousin is on the board of a bank which could also come into play.

How long can/should I wait for the appraised value to change, and will it go up or down?