Your numbers are way to close if $50 one way or another is going to eliminate your cash flow.

I have been doing this 18 years, and never seen a group so full of rage. After a couple major breaches in their lease, and my wanting to reassess the now month to month agreement, my 18-26 year old tenants keep threat...

The investor may still be willing to pay over market price for a number of reasons, such as accumulating individual properties adjacent for future development; to add to a portfolio of close by properties so synergistic effects may be realized; because he knows something that will lead to large increases in future value; because the property will return a higher net income than the comparable properties, etc.

With no money left in the deal, my ROI is not effectively infinite.

With no money left in the deal, my ROI is not effectively infinite.

It definately could effect that.If you have the STR for a year or two you should be able to  count about 75% of the income so it would hurt you too bad.If you are planning on buying a new primary house within 12 months of buying the STR then I would buy your new primary residence first.

Keep in mind these are all before the new laws took effect in June, which will add at least another two weeks.(1)  46 days from rent demand to eviction warrant(2)  47 days from rent demand to eviction warrant(3)  18 days from rent demand to eviction warrantThe first two, I used an attorney (required in NYS if using an LLC). 

We are looking to do a fair amount of remodeling (eliminating weight bearing walls, complete new flooring, remodeling multiple bathrooms, repaint interior, etc.

Looking for some solution which will make the building nice, but also cost effective. 

At the time, we were looking at it as a fix and flip, but it needed a lot of work and we had no contacts in the area to get the work done in a timely and cost effective manner.We spent about a month doing research on local contractors and coming up with a budget and time frame for the project.Feeling confident, we began demolition on the home and quickly realized we were in over our head.