That property was purchased heavily damaged with financing from a small portfolio lending bank that used projected rents from a rental management company to calculate the value of the property.

There are definitely owners in neighboring cities that have heavily restricted short-term rentals where their city or HOA does not allow a rental for less then 30 days, that have fallen back on seasonal rentals.  

Over time, I will be able to analyze the estimates and really see what things cost, but until then I feel like this is my best option.Now, I do partner with my GC on the rehabs, so he is heavily incentivised to help me with these.

Forget heavily tracking.

But in PA, it's not uncommon for the tenant and landlord heavily negotiate each lease based on the circumstances when it involves a large commercial property.

We work heavily with out of state investors and have been flying them out to Cincy to get the perspective that only a first hand look at the 52 neighborhoods can provide.If you'd like, I'd be happy to do a bit of driving around with you next Saturday and show you what you need to see.

Depending upon whether they are a bank or a trust company, custodians are heavily regulated by the IRS, DOL, and possibly the FDIC, State Banking Commissioner, and the Comptroller of the Currency.

I am just worried about relying so heavily on a VA this early on and beginning the company completely virtually. 

Plus you are restricted heavily in funds in and out etc.Can you save some money, refinance the houses and pay back the IRA?

This can play heavily into if this is ultimately a deal or not.