Quote from @James Cavanagh: looking to connect with the community contractors across United States that deal with fixing flips and realtors to areas, Texas and OhioHi James, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here.

The guy was a television personality that knows how to sell.

I would personally use the money for exterior repairs and see what they say/do.

What I’ve shared is based on research and data collected so would love to know what you’re seeing personally and how it could differ!

Condotels are also harder to finance, and therefore will be harder to sell to the next person when you want to do that.  

Hi Ryan, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here.

If you do it correctly, there are also ways to pull-forward depreciation expenses.Whether or not all these expenses will be useful to you is based on your personal tax situation which is why you want to have a good CPA.

As for your down payment, I can’t personally speak to a small business loan…you would just want to ensure you include those payments in your analysis and prepare to be repaying the small business loan and other holding costs during the flip. 

Personally, if I had the chance to do it again I would put down more money to knock off private mortgage insurance and increase my cash flow.

If someone injures themselves and sues, they will be suing the LLC and not you personally.