@Cody Ford Without having specific expenses and the 4th rent amount I can’t say for sure if I would pull the trigger on this property.

I dont know your business model exactly but I assume you collect some referral fee from the supplier?

According to your numbers, I would say to keep it as a STR but as a few others have said, look at different vacancy rates as well management fees.

Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.

YES, you can get the work done for less than this on occasion, in particular if you are doing some or all of the labor yourself, not pulling permits, or purchasing stolen materials as a starting point. 

All fixed fee with out of scope offerings as well.

The tenant hasn’t been the greatest: late payment with not always paying late fees, multiple complaints from the neighbors, changing phone numbers, ect .

HOA is currently $172/month, with and additional $44 for club fees, covering club amenities, including a gym, boat lift, a restaurant etc. 

Of course our big motivation is commission but you can get commission or a referral fee or something in an off market transaction if done properly.

Also, keep in mind that an IN multi member LLC would require a separate tax return, so you would want to budget for extra admin fees.