With that they took about 100 executives with them.

Purchase price: $145,000 Cash invested: $34,000 Snapshot Metrics:Purchase Price: 145kARV: 186kRenovation Expenses: 34kRent: $14951% Rule = 1.03%Biggest Lesson Learned: Square footage sets a ceiling on the ARV.Amplifying Information:This was our best BRRRR to date - though we gave ourselves a "C-" on execution.

Purchase price: $145,000 Cash invested: $34,000 Snapshot Metrics:Purchase Price: 145kARV: 186kRenovation Expenses: 34kRent: $14951% Rule = 1.03%This was our best BRRRR to date - though we gave ourselves a "C-" on execution.

From what I’ve read online, it seems like he needs to open an LLC and then needs an executed purchase contract to open a US bank account.

Both a title company and an attorney will need an executed contract before they can start the closing process. 

@Matt HurleyYour first 2 steps are executing a sales contract and then finding a title company.

@David F.You can only execute that plan if you can meet the following1. 

We have a clients doing room-by-room rentals ($6k a month in rents), we have others doing executive rentals (not just furnished, cups, plates, maid services, all utilities etc.) all to make cash flow.

@Arthur Neves rule of thumb I've gotten from a revenue management executive is to set occupancy at 50% for the first year.

Really believe if you continue to repeat the same actions, you become more knowledgeable, resourceful, and can execute with great confidence.Thanks for you input!