Not my ideal situation since I'm quite happy where I'm at, but it would be a way to get started.  

Also another building out back with an apartment and shop space making 5 units for revenue (I feel there is value add potential as well for another unit or two)These are the numbers I'm shooting for in an ideal world:Purchase Price: $550,000Down Payment: $50,000Interest at 6% for 5 years with a balloon amortized over 30 years.I need to see the books to be sure of these numbers - but I'm being told $6,000 in monthly rent.

Ideally in St.

We stayed in a place for our honeymoon and the host left us stuff to make bellinis and chocolates.

Ideally he/she would be able to manange the rent roll in that arrangement.

Ideally tenants would all join via AirBnB and then - assuming a favorable dynamic and intent to stay long-term - I would offer 3, 6, or 12-month leases with deposits and everything.RE Comps - I'm looking at "private bedrooms" on all kinds of sources, including AirBnB and Craigslist.  

What I’d ideally like to do (because it makes the most sense) is: close on the property.

The acquisition, all the repairs and soft costs need to be equal to or less than 75% of the ARV, ideally. 

I do not see staying here as ideal for us.

Therefore, if you can find an off market deal, that would be ideal.