While this property is not acting as a cash flowing investment property, it has served the wonderful purpose of showing us how to navigate the real estate market at a base level.

*This link comes directly from our calculators, based on information input by the member who posted.

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

As AirBNB and VRBO introduce policies that have the effect of limiting the STR owners profitability, the long eatables operating properties are going more and more to off app rentals most of which is based on word of mouth which requires years in the business.Better off finding a business opportunity where entry level has more chance for success

For example, I used AirDNA for a property and came up with $54,200 annual income, Pricelabs says $24,600, and my estimate based on the property my in laws stay at is $32,000.The income is the hardest for me to estimate, even using enemy method. 

Dwayne,It is unlikely that anyone can give you an accurate comparison based on just the info you gave. 

They're a 1031 Qualified Intermediary service in SC and are based in Greenville.

Sounds like it's been vacant for a while based on your narrative.

Closing costs vary based on State and County for Taxes, Insurance, Doc stamps, transfer taxes, Title, and every Bank/Lender requires different points/hard costs.If you have any specific questions of if your just getting started feel free to message me or reach I out. 

If there is enough equity at the 6 month mark you could do it then but there may not be much of a tangible benefit unless there is a PITI savings.If you are able to do some renovation in the first (6) months it might be possible to do it on the 6th month mark based on a higher renovation ARV.If you have any specific questions feel free to message me or reach out I am always happy to help and talk REI.