It's a great place to network and meet agents, lenders, wholesalers, attorneys, etc.Not yet, but definitely plan too.

I am going in with my eyes open and we shall see - I am a cynic like you, but plan for the worst is my way of viewing the investments

Zillow is especially good for advertising, creating listings, etc. but there are other platforms that focus more on rent collection or accounting and financial tracking.

I will plan to reach out to in the future to better connect.

So, lemme get this straight: You concealed from your lender your plan to transfer the property to a commercial entity after obtaining the loan based on your personal liability.

For restaurants, rent should ideally be under 10% of gross sales, so I believe $5,500 a month is fair.The seller doesn't have a rent roll or strong financials, and his tax returns are 50% lower than his claims.

If you're planning to invest less than $400-500k USD, the properties you could find within that budget will not stand out in the market, and you'll face high competition in the STR (Short-Term Rental) market.

I think the bank would require a greater % down than 25%, unless there was a super solid plan to increase revenue and/or decrease expenses very quickly.

First, how long do you plan to hold, and second, what's your goal?

And you do a cost seg study, If you plan to hold this property long term does it make sense to do this?