He is an investor, STR property manager, helps with staging and also is a realtor as well!

If our analysis shows that we can cash flow the property we'll make an offer to take it off his hands, spend $ to improve, and then cashflow it.  

Please know that I realize it is a huge job and huge learning curve and may very well not make good sense, but I want to do a thorough analysis  to determine that (and also what price it may make sense for).  

DealCheckDealCheck offers a free version that simplifies deal analysis, helping you evaluate potential investments quickly.

It's overwhelming when you try to put all the pieces together at once in your head and then you get paralysis analysis, anxiety etc.

Analysis, thinking, and analytics go out of the window.People hear: "propstream uses data to [fill in the blank]".. and you are all SOLD!

My company does financial analysis and research on REITs.

Just be 💯 certain that you'll be able to refi that HELOC debt off when the time comes.However...At this stage in your investment career, I would URGE you not to sign up for negative cashflow in the hope that "the market" will save you.

For a business plan, you'll want to include sections like your business model, market analysis, financial projections, and operational plans.

Reading all your posts on BP helps me to indirectly get to know you, and I really like your NO BS style and high level of knowledge about the topics you post about.ZCF is pretty advanced financing method, for me, and I like the concept for the exact reason you mentioned, I just get nervous about anything that is highly leveraged and then the phantom income in 7-12 years, risk of the asset going dark if it's a STNL, etc, etc...I have a basic idea of the pros and cons of the ZCF structure, but, I need to learn more and/or have someone hold my hand through a detailed analysis of how it would apply to my specific situation and how the cons are mitigated.Hows your schedule been lately?