We are not pursuing a license on this property to do STR because we plan on moving within the year (hopefully within months!)

.- It needed a community face lift and re-brand (was called windmill apartments....yuck.)We came in and strategically worked our business plan:- We upgraded the exterior including fresh paint, signage, and landscaping.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!

As Jaron stated you will need to plan for the unexpected, such as vacancies and repairs.

.: Where would you recommend someone finding a professional to help craft a personalized physical/ work out health plan for better health?

Ultimately though you should plan on using any model at least 100x before you "master it".

- Should I source a consultant or some sort of assistance to devise a business plan?

Are you planning to invest locally in Rhode Island, or are you open to investing out-of-state?

Can't wait to see you grow.Are you planning to invest locally in New York, or are you open to invest out-of-state?  

Thank you,StephanieHi Stephanie,I would highly suggest starting with a call to the Planning Department and let them outline what is feasible for the specific property and what steps you'd need to take to get it where you want to go.

Bean had a better comp plan.