@Matthew Otero I actually greatly prefer MTM tenants as this gives you as the land lord more flexibility.

I prefer just to turn the inventory, the tax hit isn't on the top of the list of my concerns ;)  

We’ll be DIYing all reno’s on the interior to cut costs but we’d prefer to have professionals do the exterior.Thanks a bunch!

We’ll be DIYing all Reno’s on the interior but we’d prefer to have professionals do the exterior.Thanks a bunch!

I would preferably get a buy to let since renting through rooms (to a target audience of students) can offer 8% net rental yield.

I do prefer the face to face interaction, but I can get on a plane if I find an accountant that helps me meet my goals and interests. 

My intention was to structure the deal as a 40/60 Split with an 8% preferred return, however, he would prefer to avoid a cash-out refi and use long term debt. 

You may prefer the look and feel of sheetrock, but many variables come with it.

I prefer $300 cash flow which gets you 18% CoC return.BRRRR projects take longer to do and more risk, but the payback is better.  

The properties appear to be relatively inexpensive and since the said units are condos, one would assume the renovation would be limited to walls in only.One of my many concerns is specific to ownership, HOA, holding cost and other miscellaneous cost which would impact the project profitability.Any feedback on personal preference between the two neighborhoods is greatly appreciated.