Then you need to set aside for capex, repairs, and vacancy.

I have a great product where we give you a set line to work with for multiple projects, this way you don't have to keep getting credit pulled and showing assets for each project, the line is good for 12 months. 

East coast is typically Judicial, it involves the lender suing and going to curt to get the right to foreclose.I like to say that Pre-Foreclosures are before the "Notice of Trustee" / "Notice of Sale" is recorded and Foreclosures are after a "Notice of Trustee" sale has been recorded and a sale date is set. 

I’m looking for something with 0% interest in the first 12 months and a large enough limit to complete a cosmetic flip.

The only thing is my property taxes go up with no limit with the increase in property values, 17% the last assessment.

Many policies only provide a limited amount of Pollution converge so discuss this with your agent.  

Your question makes me want to check my state rules (Illinois), because I've thought many times that I might as well manage other people's STRs if I have all the processes set up to manage mine anyway.Finding a cleaning crew for 1 STR is difficult, but 5 is easy. 

In a recent post about how to minimize the taxes on rental income it was mentioned that: Setting aside reserves is an expense, so long as they are not excessive.

Do I need to set up an LLC?

Your CAP rate will be dangerously inaccurate if you calculate expenses incorrectly so let's break those down.Utility Set-up- As an overview you need to know the difference  between city-provided utilities and onsite such as Septic Tanks with Leech fields, lagoons, Wells, EtcGetting more specific what utilities are maintained by the community, paid by the community vs the tenants.I will give you a quick example, I own a park with a bunch of multifamily manufactured units of which I pay the electricity bill.