Located in an established working neighborhood with great access to a park and school, and near a quaint commercial district.

Otherwise you’ll wind up with unseen water penetration and all kinds of mold and nastiness within walls and other places you don’t have access to.

That being said, a seasoned sponsor may also have scale and relationships that allow for more efficient operations, and therefore actually achieve a higher return than a smaller operator, even with higher fees and earlier/larger access to carried interest. 

You have unparalleled access to a huge pool of renters and you have a flexible schedule. 

The building has a stone foundation that can be accessed from a crawl space that is below the entire lower level unit.

I understand they're each independently owned and am curious how it works when multiple MLS systems exist within one county- Do they each only cover a portion of the county, do you need a membership to each one to have access to all listings within that county, etc.?

They know a million realtors and some have access to the MLS so setting them up on a drip is for babies.

Rehab is likely 6 figures (open the layout, rehab pool, rehab kitchen, rehab bathrooms (3) converting one bathroom from 0.5 to 0.75), new and relocated HVAC, Digital locks, patio with deck accessible from Master BR, convert office to BR, convert large BR into 2 BR).  

If you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

Can upgrading to a BP pro membership be considered a business expense being it grants access to tools to help find and analyze more properties?