The home must be inspected before going online and operating.

Petersburg are technically illegal but they are still being operated successfully and a lot of the surrounding municipalities also have regulations against STR’s.

Are you running the ARV based on comps as a 4 unit OR are you determining the ARV based off of future NOI (operating income) and cap rate?

Do we need to replumb the entire operating building? 

With a 2% annual increase of rent and variable operating costs the actual "recovery" timeline would be 16 years, at a 3% increase it would be less than 14 years, etc.Also the principal pay down and property appreciation during that time period can be very valuable.

I could name the LLC as beneficiary so that the Managers operate those assets along with prior taxible SFRs???   

The Ring is nice because they have a battery operated one so thieves can't cut wires.The Nest is nice because the interface for reviewing/saving videos is easier to use in my opinion.We use both.Mike

Even though a majority of the custom homes I did wanted tankless because they were cool and green....Most tanks last far longer than the expected 10 years and the new ones are very efficient.....Did a search ...https://www.consumerreports.or...Main takeaways are: 1) they are very close to the same cost to operate per year 2) the payback time on the tankless is about 25 years.....Plus tanked heaters are a good source of water storage in the event of an event like earthquake or such.....

With the units being only 600 square feet, this $80,000 seems more than adequate.Total Investment: $450,000Monthly Rent: $4,800/month ($600/unit)Monthly Expenses:Vacancy: $144/month (3%)Property Management: $400/month (Plan to self-manage but factoring an allowance here)Maintenance: $400/monthProperty Tax: $300/monthInsurance: $200/monthWater: $400/monthMisc/Other: $200/monthAnnual Net Operating Income: $33,072Total Investment: $450,000Cap Rate: 7.35%Annual Interest Expense: $13,950Annual Profit: $19,122Let me know your thoughts! 

An important consideration in all of this is to make sure you are operating each LLC as a different "company" as much as possible to lessen a creditors ability to pierce the corporate veil and come after you personally.