We plan to renovate it ourselves and turn it into a 1200sq ft 2/1 to STR.

@Jay Hinrichs i'm not planning on scaling this model very big.

I want to have a game plan in action prior to reaching out to lenders. 

NOTE: we charge extra for this.4) What about a floor plan, so prospective tenants can get an idea where their furniture may fit?

Quote from @Matthew Samson: @Corby Goade yep, that sounds like a plan.

We did have one, but took it down for iOS and have long-term plans to resurrect it.

Just be sure they have a strong plan in place to market your properties quickly and that you thoroughly vet their tenant screening process to ensure minimal vacancy and high-quality tenants.Ultimately, finding the right PM should make your life easier, not harder.

I would buy a deal that at least minimally cashflows (they exist) and then plan to refi in the 18-36 month window.

Would this be a feasible plan?

@Kenneth Joseph Perfido If you’ve moved to a new state and plan to conduct business there, you generally have two options: register your existing LLC as a foreign LLC in the new state or form a new LLC in the new state.