It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

They typically don’t label themselves as Bird Dogs either.

I'm local in Louisville and we operate a couple LTRs and new STR/MTR hybrid.

Typically I am a flipper but have done buy and hold.

We typically pick a market, then run the numbers on what to expect from our investment in that market.

I've worked at a lot of resorts in more remoted places that operate similarly to what you're talking about. 

From what I have read on BP Logan who answered you is an experienced operator looking to expand..

i have a basement where i used cassette mini split which throws air in all 4 directions as its a long 20ftX40ft space. in the other adjacent room i placed a wall mounted split. both of them have one condenser unit outside with a heat pump. its easy to maintain but its double the cost of the typical HVAC unit. for me a typical 1.5 ton unit costs around 6k unit and duct and labor. but with the ceiling mounted 4 way and wall mounted one way Mitsubishi costed me around 12k.

I say this because you can probably qualify for 3-5% down on an owner occ loan amortized over 30 years with a conventional lender, while most sellers willing to hold the note are typically going to want a higher down payment and shorter terms.

Does he have good operators while the owner is away in FL.