In regard to expenses involved in setting up a Limited Liability Company if it is a New York Limited Liability Company you can anticipate approximately Four Hundred Fifty Dollars ($450.00) in filing fees for the filing service and the New York State Department of State; approximately Two Hundred Fifty Dollars ($250.00) in publication expenses since the Notice of Formation needs to be published in two (2) local newspapers once a week for six (6) consecutive weeks; approximately Two Hundred Dollars ($200.00) for the filing of the Affidavits of Publication with a New York State Department of State providing proof that the publication has been completed; and approximately Three Hundred Dollars ($300.00) to Three Hundred Fifty Dollars ($350.00) for our attorney’s fees.Also, if you are establishing a New York Limited Liability Company we would have to have a New York address for the principal place of business or location in New York State.â€

I would anticipate we have added $100-150k in value due to renovations and appreciation.

With this designation I personally anticipate, at the minimum, an increase in tourism and short-term rentals.

If you put 100% down, you have cash flow, but the % return will likely be low.So, as to your actual question - to me no cash flow would make sense if you have very good reason/s to expect good local appreciation in a reasonable amount of time, through imminent population growth, income growth, imminent path of progress, highly anticipated changes to an area affecting the demand of an area, etc.

I anticipate doing more work on the front end vetting and am willing to accept that. 

I'm glad to see your response because I was about to tag you into this thread and provide info on the rest of your experience on your latest project...From my understanding, any time an easy permit has been used, the contractors I have worked with Always anticipated to have Rough and Final inspections for any work that required a Licensed Contractor on the permit (i.e Electrician, Plumber, etc).

Lost money on many of them ultimately, made a little bit on a few, spent a TON of time on them all...way more than initially anticipated. 

For example when the bank CD and quality bond markets were paying 1% or less, inventors are happy to make 5% on a real estate investment (meaning paying so much for the property that their net anticipated return is only 5% of what they paid). 

I’m averaging about $260 for the last two months, and anticipate similar for this month with 2 trips booked already.

We are anticipating buying another property in the next few months (likely a conventional mortgage) and not sure if we do the streamline for our current property if this would mess up being able to qualify for a new mortgage for a new property shortly after?