So i would say your best bet is discover and make sure it graduates!

@Jenifer Garcia while these numbers all sound like there's great potential with this property, $50k in rehab can happen quickly!

We're in western NC right now with our first STR purchase, but I'm looking for properties with MTR potential.

@Michael DumlerPreviously, I was looking at investing in SFH in my town or potentially SF apartments, but my dad dissuaded me.

I like to call yellow letter senders to network with whoever is sending them out, and potentially get on their buyers list, but this one wont even get that call.

This may be your best bet as it lets you hold off on formation, but its important to make the title company and the lender aware ahead of time so they can update title and prepare the loan docs with the correct entity name.

I think we can all agree that the potential risks involved are something to consider prior to selling a property using seller finance.  

Are more risk averse investors just avoiding these areas, even if they have good STR potential?

Investment Strategy:Buy and HoldInvesting herebecause: Potential to Appreciate in Long Term (10yrs+), want to build NetWorth, Affordable in my budgetYear 1 Evaluation: Gross Monthly Rental Income = $2,042.50 Monthly Cashflow = -$76.05 GRM = 12.79 Cap Rate = 5.12% CoC ROI = -1.11%Hoping that theinterest rates go down so that the monthly cashflow becomes +ve.

I can help with cold calling.Cost per lead is usually going to be in the $20-$50 dollar range (assuming a VA cold caller with native English) and a cost of about $0.20 per record for them to call potential motivated sellers (high equity, certain age, etc).CAC is going to depend on your conversion skills, but within 3-6 months can be $1500 to $5K depending on how many leads it takes you to close them.