But tbh after having real mentors and then hearing “mentors” are charging just makes the whole thing feel … cringy. 

You probably only need 1 attorney, because of your relationship with your partner, who will represent the "seller" for title and fiduciary purposes, and as the buyer you really don't need your own unless you feel like you need to protect your interests.You absolutely should not transfer this property back to a LLC once you own it, especially in the first year as a primary residence, but also because it's completely unnecessary.

Feel free to share your own experiences with short-term rentals in Locust Lake Village. 

I know there’s pros & cons against this turnkey strategy.For me i personally felt since I'm investing remotely, cutting out the rehab part, dealing with contractors would be less of a headache going into my first rental.I also understand that I won’t have any appreciation to start off or built in equity.I just need some advice here regarding turnkey properties and the best way to go about it.To me I feel like this can be a smart move starting out until get comfortable in the market I’m in & I’m able to build connections overtime and eventually I can really do the whole BRRRR strategy.Please let me know your thoughts whether it’s good or bad.

Hey @Caroline Knight, feel free to reach out if you'd like to chat.

Feel free to connect. 

Sometimes, I feel like I'm wasting time with financial projections, especially when a minor adjustment can drastically change the outcome due to compounding effects.

If you are interested in chatting some more, feel free to reach out.

You can feel free to check out our website to get a sense of it all...Oakwood Lending (we do loans in NC--so things might be different in D.C.).

You're prepared to purchase up to 50 units but there's no money in the budget to go out there yourself and get a feel for the market?