My parents bought their house 18 years ago and it has gone up $60,000 in value.

The most persuasive pitches often come from genuine storytelling based on real-life experiences. 

I had a good relationship with the listing agent and was able to structure a below value deal (beating out iBuyers and other investor offers).

Therefore, the money spent was to add value.

They dropped the price 25k 3 times, with it sitting at $475k since January (4 months ago).Ideally, these 'fringe' regions allow investors to acquire properties at C class prices, but with A/B class tenants/rent values.

Cash How did you add value to the deal?

After adding Value to the property, The property can be valued anywhere from 800-850k.

@Alberto Cioni, You want to make sure you really understand the fair market value of the real estate you are purchasing at your price - which includes all fees.Today's generation of DSTs has begun hiding fees inside of acquisition pricing, so without a commercial underwriting comp study, it's difficult to understand whether the price is fair.

Also, rentals in S Corps are generally bad should you want to revoke S Corp election one day, the assets are distributed at fair market value and likely will have capital gain without cash.Alternatively, a multi-member LLC taxed as a partnership is considered a pass-through entity, and if your state allows SALT work-around / PTET on rental income, a partnership solves both issues.We recommend partnerships often for rentals especially STRs.

It's a 1bd 550.sqft cabin, maximizing every square foot to the highest utility value.