After running the numbers, I would cash flow about $200 a month, based on no vacancies.

I'm the owner of a digital marketing company based out of Houston, Texas, that specializes in REI marketing, and now that I've been in business for awhile, I've noticed that Facebook ads are the better route for wholesalers getting started with my company than Google ads for a few reasons.

Columbus will likely see the fastest appreciation just based on the rate the city is growing, but in Cleveland you will see high cash-flow and Cincinnati is a great mix of both. 

I’m bringing a portfolio of STR clients with me and am an experienced property manager ready with all the channel management software and integrations running and wrenches already worked out, ready to build new listings and find clients for this agency.

You already have a knowledge base in standard rental's, why not solve multiple problems with 1 action?

Most of the compensation earned by General Partners is NOT at the start of the deal but rather at the END of the deal based on how well - how profitable the deal is. 

However, I'm interested in more detailed guidelines regarding the specific categories of expenses and income, as well as any operational assumptions you might advise.For instance:General and Administrative Expenses: How do we determine if costs related to software, credit card fees, office supplies, etc., are reasonable based on the size (square footage) of the facility?

I would base the theme on what the house is near.

Especially with most units requiring 3 different paints/colors: walls, ceiling and base/trim/doors.

Are we talking $100k or $20kNote that the appraisal is based off the work you put into it and won't be based off market comps for a few years so you are really limited pulling out your capital till 5-6 years and the max LTV for a cash out refi is 75% if you are owner occupied and sign another 1 year occupancy agreement