Renting by room to the max occupancy to minimize the outflow of your personal cash into the property.3.

@Aaron DuboisI don't know what your personal situation is, but can you house hack an STR with your own capital? 

You can have everything you want to protect yourself in the lease but there will be a lawyer out there that will try and say that you are still responsible and not the person that died.

However, I need to find the easiest/fastest way to transfer them to the business so I can separate the investment properties from our personal finances and have the business separate. 

I’m looking for Net and occupancy for 2023.The unit I have a contract on was mostly used for personal use, I’m looking for rental numbers…. and sellers aren’t willing to give these up. 

Me personally, it took me a while to understand what the expectations were for rentals in my market for different classes of rentals and it was much different than I would have expected at the beginning.

So if it’s a $10 million deal and we are using 50% leverage then the capital raise is $5 million my partner and I will personally invest between us $500 - 750k into the deal under the exact same terms as the other investors.   

It's generally a good idea to keep rental income and expenses separate from your personal finances.

Does anyone have a good spreadsheet for condominium conversions?

David, the amount you will have to spend to locate the property (run adds, put up signs, buy lists and etc) is not comparable to the amount you would have to invest if you wanted to personally buy that property, hire a crew to fix it and absorb the costs of owning that property before you could sell it.