I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split

I'm excited to join this community and connect with like-minded individuals passionate about real estate investing.

I own a property free and clear, that I want to rent out. First, it needs work. Since there's no income yet, I assume that DSCR financing is out of the question. It needs about $70k of work to bring it to an ARV of $1...

Yes, there are more steps to go through (often including sending in a W-9 tax form), but those steps are usually pretty straightforward.Additionally, most of the folks tasked with finding the housing for the company's VIPs are really appreciative of being treated well by a good property manager, so you can stand above the crowd by simply responding quickly and respectfully.

Long story short, I have a 3 bedroom 2 bath single family house in the Virgin Islands.  

@Ram Tapiro We have been investing in Jacksonville since 2018 and started investing while we lived out of state in NYC.

The tools on Zillow and Redfin aren’t especially helpful since the house is off market, and they’re underestimating the number of bedrooms.

How do you fair late in the year rehabbing/ flipping houses?

What entity structure is best for my specific real estate investment needs?

Are you planning to invest locally in New Orleans, or are you open to investing out-of-state?