Is there any room to add value to justify an increase in rents, or do the recent updates pretty much cover rehab and rents are at the ceiling of FMR?

This property was purchased in 2006 for $60,000, and $49,500 wouldn’t cover it??!!

@Gabe G. do you know anyone a little south of you that would cover this area?

Basically, if your property is damaged by a storm big enough to have a name, you're covered. 

I assume the operating agreement can cover multiple LLC's that do the same business type?

Soooo long story short, if your goal is to use the property a decent amount of time, you will at least break even & cover ownership expenses with short term rentals (possibly make a few bucks). 

I have two differlend loan terms for the two propertiesProperty #1 - 3points 12% covered 100% purchase and 100% remodel (up to 70% ARV) 6 month term Property #2 - 2 points 10% covered 90% purchase and 100% remodel. 12 month term 

It is not covered under warranty.What would you guys do in this is case?

I would like to know if anyone feels my goal is realistic, and if not that will let me know how I may need to adjust to see if this would be viable for me.Work has become heavy (in a positive way), that I have been able to build up the capital for multiple properties, however my time has become completely sucked dry.

If so, there are several commercial lenders who would do a cash out refinance under one mortgage covering both of them.