Whereas all the rentals in the area have hardwoods and AC to get the same amount of rent.

You hire them and they take care of this tasks which includes all the necessary documents and drawings to obtain the permits. 4.)

Hi All --I read an earlier post on Biggerpockets about whether or not STRs should go into an LLC.

With a $500k investment you could probably easily grow to a $1.65M, 6 units portfolio, with cash flow in excess of $2,500/mo, all while reducing your structure count from 6 to 2.

If your network likes the pure equity play, you should offer that.With the "debt" financing, are you planning on using this as your mortgage, with no "traditional" mortgage ahead of it?  

How does all that work?

All the wholesalers I've been finding work for either Fair Trade or New Western.

My partner and I just started, created the LLC, got all the documents, and have begun introductions with lenders across the market. 

Hey All-Been lurking and reading for a while. 

The costs involved are about $100.000 all in (permits, engineering, architects labor , materials ) - I’m thinking that would be a better long term Investment than another SFH .