You do need to be aware of any other fees such as marketing fees, site inspections, initial setup fees, etc. 

The seller initially left the first question on the seller disclosure blank"Are there any violations of Covenants, Conditions and Restrictions covering the property?"

My question is about how we should initially purchase the house in order to make a refinance the easiest.my side-- I'm paying with a HELOC on a home i own 100%, 7x the amount I'm using for the purchase, i have no W2 work history for the past 4 years, but in january i closed on a fix and flip and made around 70k, made about 20k in realized gains in the market this year so far, but i don't have consistent income.my son-- he is 19 and this was his first year actually paying taxes.  

I had initially planned to select an application from the 10 who had tour the home but I got bombarded with applications from people who didn't tour in attempts to jump the line.

However from my initial research on the area it seems that the population is at -1.2% decline rate between 2000-2019.

Initially I was thinking long term rental but the market is just not priced that way to have good coc doing that (Max 6%)Recently I ve been entertaining the idea of doing STR to achieve my goal.

Already created our investment company, built our initial website, and found our 1st deal. 

Initially the house was a home run at $380k but with so many offers it ran up to $420k.

The main difference between those two strategies is you should be able to house hack for a lot cheaper amount of initial capital than a buy/hold.

At 80% occupancy the storage unit building combined with the now rehabbed retail space, the property will be cash-flowing about $25,000 a year($2,100/month at 80% occupancy).Once we are at 80-90% occupancy we will refinance doing 75% LTV and recoup 100% of my initial investment ($105,000) as well as my partners rehab costs (20k).