We will use appraised market rents in both of those scenarios.Typical target closing timeline is four weeks from appraisal payment. 10-14 days for upfront processing and all third-party items to be returned like appraisal, title, and insurance; 10-14 days allocated for underwriting and closing. 

And you get the real estate to boot, so this property+business has some actual & real value that our hypothetical restaurant does not.

Of course, I wasn't going to bring it up when marketing it :)

When you're ready to explore other markets, I recommend checking Columbus OH.

They think every other deal they come across is priced $50,000 below market value2.

ITs a known marketing method and it works obviously. 

I'm also wondering if anybody knows the costs and rules for bringing in water and power to a piece of land in these areas, I know it's different for each property but is there any possible way to get estimates on bringing in water and power to a piece of land I want to purchase before actually buying the property so I can create a general budget for buikding a home.

However, I am intrigued by the STR market and would like to connect to see if I could add value to someone in their business or help (Co-Host) managing their STR.

In other words a court can say "you are not running this like a real business so the court detemines that yiou dont actually have an LLC and you own all of this in your own name"The proper way to do it is buy the property in the LLC and the LLC gets a loan in it;s name.  

I got this property at the right time, it was on the market for $699,000.00, seller needed to sell, I offered $550,000.00 after they cut to $650,000.00 and we agreed on $600,000.00.