My husband and I are looking to buy our first ever real estate investment out of state (we live and rent in NYC. we do not want to buy here due to high cost of properties and high tax rates).

I attempted offers to BRRRR in Indianapolis - huge stressors, renovation costs more than projected and ARVs not high enough (got out of those contracts).

Besides, it will be easier to find a replacement tenant in July than it will be in November.Let him terminate without penalty as long as he agrees to let you schedule showings to potential renters and helps find a replacement.

Partner Driven was drawn to the Stowers Road property due to its potential for significant value appreciation with targeted renovations.

Lower costs to generate more profit or continue to acquire properties. 

.), travel costs (related tobusiness), kids (income shifting by payingthem to work for you, meaning business related), membership, conferences &education, meal expenses for business, retirement strategies (selfdirected investing, tax-free or tax deducted, 401K/IRA)depreciation Pro-active Planning / Get a taxadviser Talk to your tax adviser inadvance Fire OutOrganize expenses, listquestions, changes (buy, sell, etc. properties.)Changing entity type from LLC toS-Corp etc.

Seems like the biggest risk are potential future special assessments, which could be for immediate need vs future projects. 

Since it is just one WY LLC, it won't cost too much more.

Would you be interested in this property for the upside potential, or is it too close to the war zone?

Pic 1 is the interest rate paying 10 percent down and the lender giving us 6 percent in closing cost coverage.