@Stanley J Black would be a good resource. 

The PM is usually how much responsibility you're putting on him or what his skillset is.In CA it is costly to maintain an LLC/Corp, we use under one Corp but everything is black and white.

This place would look stunning and modern if you made the following changes:- Replace painted wooden floor with LVP, can have it match the kitchen's or make it a popular color like gray- Lose the wooden table- Add a tv stand + tv on the wall opposite of the black chairs- Get a bigger coffee table

Just FYI that I recently found out, the black mastic for those 50's and 60's era vinyl tiles often have small amounts of asbestos...definitely stuff that calls for respiratory protection at the least.Would love to hear about the numbers as well as the neighborhood.Nice renovation!

I have three properties now and would like to add 2-3 this year.Thanks for all your help  you buy a 40k house that is quote un quote turn key rehabbed and you mine as well go to vegas and put it all on Black. 

JohnAs mentioned above, this is not black and white and dependent on all facts.

We're seeing more people sharing now.....instead of paying $800 for an old 1 bedroom, they'll get 3-4 girls or guys to share a $3000/month Class A downtown with all the fun amenities....Any chance there is room for the land to appreciate...knock it down for a redevelopment at some point in the future.   

Has anyone worked with Sensei Gilliland of Black Belt Investors in their Remote Rehabs program or have had any dealings with them?'

You guys (and girls) have all been a great help to me, so thank you very much!

Smaller remote towns like Black Hawk or Evergreen offer fantastic Airbnb numbers and relatively friendly short term regulations.