@Wayne Brooks is correct.

There is no other way to get correct comps unless you know an agent who knows how to really run comps.

Please let me correct your first statement: Sellers "PAY" the buyer agent commission because that is most practical.

@Jonathan Greene I'm not sure what you mean by "most will not cash flow as an out-of-country investor" as it might suggest that the cash-flow of a given property has something to do with the nationality or residence of the owner but, in any case, you're absolutely correct that, historically, the net rental yields of LTRs in US cash-flow markets like the Mid-West have been typically higher than in the average European market, although that wouldn't be the case for many other US markets like California or New York.

Once the above skills and tools are acquired, understanding the sequential process of the development along its timelines and costs needs to be correctly implemented.

If it were 2007 all over again and you knew you could sell at a record high, and invest your capital into conservative bonds and wait until the market corrected, would you?

Quote from @Joe Villeneuve: Quote from @James Hamling: @Victor Tofilski I can't tell you exactly why it hasn't leased yet but I can pick it apart and give you detailed road map of every deficiency I notice and how to correct. 

I leave it to the reader to determine what path is correct for them. i will continue to advocate for direct bookings and being on multiple OTA platforms.  

Correct me if I'm wrong but VRBO is very clunky and not very host friendly.

If I had been tracking the assets via accounting, I would simply make a journal entry showing the LLC's assets and liabilities going to zero and transferring them to the Holding LLC or the LLC Members. correct accounting only and yes there are bank accounts (of course)