A local real estate developer/landlord has filed a civil action suit against what appears to be EVERYONE whoever operated an AirBnB that did not fall within the legal short-term rental zone ("short-term overlay" for those familiar with Charleston) whether you rented it 1 or 1,000 times.

It would probably also help to see if you can intern for  a local successful investor that runs a solid operation. 

(look up operating vs get ready costs)Advertising should begin your tenant application and screening process for the eventual move in.STEP 3.

Demo of a roof that size will be 40 min for a 2 man crew... you won’t even see a cost savings on a quote I bet.

I'll bet some of them don't actually have the money or wherewith-all to fix up their property.

@David DavidsonA self-directed IRA operates the same, whether the IRA itself is SEP, Traditional, Roth, Inherited, etc. 

The 1st story has one tenant, a locally owned and operated clothing store under lease through 2019, that caters to the younger college aged crowd that attend the 2 local colleges.

If so, then from your perspective the transaction is treated as though the LLC distributed all of its assets to the members (including you) in liquidation according to the distribution provisions of the operating agreement, and then you purchased from the other members the assets that would have deemed to have been liquidated to them in this hypothetical liquidation scenario.Of course there are some complexities here (are there any built-in gains?

Cap rate is the Net Operating Income (excluding the cost of money) divided by the Purchase price.In Lower cap rate market you will pay higher price to own a property. lets say 100k income at 10% cap = 1million priceSame income 100k at 6cap market = $1.666million priceWhy THEY have?

Your best bet is to show the broker your current liquidity and the purchase price range you are targeting.