Depending on long term gain, sometimes paying $350/mo is not bad (until you have repairs and or vacancy).

Then if you want LLC as asset protection, you have to transfer the property to the LLC to hold the title.

The numbers look great as-is, but I would feel much better knowing I might have more flexibility long term. 

I will invest as an out of state investor looking for  turnkey buy and hold properties.

Lot's of people use the term UpState, and since I've got my BP alerts set up... it isn't solely used by New York Upstaters... apparently lots of different states like to throw around 'upstate'  Anyway, I digress.  

Madison has pretty strict short term rental rules if you don't live at the property, so mid term furnished rentals is a strategy I have seen done here. 

If there were any written agreements between the developer and either realtor, the terms of those agreements would come into affect not that complicated.

Hello Everyone,I currently manage a highly successful short-term rental arbitrage in Houston, boasting over 170 reservations in the last three years.

They purchase properties, rehab, or build with the hope of increasing the value, and then find themselves holding onto these projects and renting them out when they can't find another suitable investment.

Have you looked into Free leads, like Foreclosure sales, Bankruptcy Filings, Divorce Filings, these are all places you can find leads for free by doing a little work yourself.If you want to fix and flip or buy and hold any properties, we can fund up to 90% of the purchase price, and our rental rates start at 5.3%.Hope this helps.