Property $550,000Tax $14,000 annualFHA/PMI $400Insurance $250Repairs: looks to be minimal but no inspection yetEstimated Mortgage $3,600Estimated Closing costs: $6300Estimated LTR Income (2 units): $2200Estimated STR Income (1 unit): $20004th unit we will be living in, using FHA 3.5% downRUBS ImplementedI'm getting that the cash flow is -$1,182.55 but we were paying about $1650 mortgage before.

Most of it is promulgated by gurus pitching their real estate riches programs using wholesaling as the main strategy claiming anyone can do it with no money, no credit, and no experience so long as you buy their program.

I know some owners who did and are now shelling out another $500 a few years later.I would recommend Kidde.  10 Year shelf life, minimal issues, and super easy to install.

If you update most of the items during the rehab, you should have at least a few years with no/minimal repairs or capex expenses. 

We always install knobs and pull bars to minimize grime and wear on the doors.- we typically use the same paint "White Clay" in eggshell from Behr, not available anymore but Sherwin Williams custom mixes it for us.

PPC costs money per CLICK and requires skill and experience to minimize cost and maximize conversions. 

What you can try to do is to turn maybe one whole building into short term. or at least try to keep the units your want to do short term in 1 building. the obvious benefit is you can try to minimize impact to existing long term tenant. also the units might be able to share Wifi ... you know.

Of course I assume the parents consulted their legal and tax advisors and determined gifting was the appropriate path to meet their goals while minimizing the holistic tax on the family.

How would YOU pitch it to make the deal attractive for investors?

We decided not to do a full kitchen and bath rehab after it closed (which would bring up the value to around 220k) and we just did a minimal rehab.