Eventually I'd like to establish a rental portfolio and enjoy the stability of passive income while still conducting flips.I'm interested in meeting folks from all over and look forward to learning as much as I can from the pros as well as the newbies.Take Care!

We recently brought in a highly established contractor & crew who are wrapping things up.

Similar checkbook control can be established with a Solo 401(k) Trust if you qualify for that plan format by being both self-employed and having no full time employees.It sounds like you have been talking with or reading about IRA custodians, and need to get on the phone with an Advisory firm that can do the necessary legal work to put you directly in control of the funds.

I would think the initial difficulty would be offsetting the LLC's capital unless it was already pre-established, is that correct?

It was recommended that I start building a relationship with a bank that offers acquisition lines of credit -- even if I don't qualify currently, so that in the future it may be available and I've established that relationship.

"Wali says his properties see a lot of “anti-establishment” foodie millennials who seek under-the-radar areas that haven’t been displayed on their Instagram feed.

Try establishing a relationship/rapport first, determine motivation, and try to find a win/win deal based off what you uncover.  

Find some thing, and establish a firm causal relationship between that thing and the phenomenon of paying more money for a crappier product suddenly being a widespread practice.

The organization is obviously pro short term rentals, but they are committed to establishing "a reasonable framework for regulating short-term rental activity so that all may benefit."

See how many similar places are up for rent which is your competition and the current rents.2) Get the inspection report and do an oil tank sweep and get (3) General Contractors to give you written bids once you write your own clear scope of work for them.3) Then crunch your numbers and your conservative timeline to complete to see if the deal will work based on the Bigger Pocket rulesAnything less; you are gambling and hoping and praying this deal may work and since this Iis your first deal it doesn't usually turn out good.