Hey Peter, thanks for the comment and the insight and you are absolutely correct about knowing what sells in your market, I see this happen with a lot of fix and flip projects that are just in the wrong areas, the investor gets the house for a good price however spends too much on repairs and adds a lot of luxury thinking that it will push the ARV significantly higher than the average in the area.

Asking in the correct forum will get a better response.Read the RULES!

Asking in the correct forum will get a better response.Read the RULES!

Correct, I need to apologize for keeping my example too simple when most people on here are much more sophisticated in investing than I am.

Hi @Shane Gorski,You're absolutely correct regarding the difficulties of STR's in Naples, there certainly are a few other local cities that are much more conducive to that strategy, Bonita Springs, Cape Coral, and Fort Myers Beach being a few of the major ones.

If it's something that you have caused then it needs to be corrected.

He told us his hourly wage (when he hilariously tried to charge us money for him doing math to correct our "mistakes"), and so that $800 represented a 40-hour work week. 

As to the buddy I mentioned in Washington state it was the same scenario; he converted tax-free up to their standard deduction but above that he kept within the lowest tax bracket and paid the smallest amount of tax possible.Thank you @Basit Siddiqi for calling me out on this and giving me a chance to address my mistake; it's important people have the correct information.  

Correct, Shelter will be under use group 3, which will need a special permit to be allowed in M1-1 Zoning.

Developing that trust with someone you don't know may seem like a challenge, but if you approach it correctly, you should be able to achieve a pretty solid foundation of trust.The best way is to talk to others who have had an experience investing with the sponsor already.