If spreads are narrow (<10–15%), the juice might not be worth the squeeze.Team matters – Find a local property manager early — they’ll give you honest rent comps and renovation cost insights far better than online research.It sounds like you’ve got a solid analytical base. 

All my rental income and expenses pertaining directly to them go on the E.. but the E doesn’t allow you to deduct any mileage or say a home office.. or any losses you take “at the office”.

Quote from @Derek Robinson: Quote from @Eric Gerakos: I heard that he has added another “E” and is going by “Steeeve” now.

At the time Tropicana “owned” 80% of the US orange juice market.

Hi @Jaycee Greene,i'm interested in the area around the intersection of S Phillips and E 79th St., and it's a 5+ million market.

At first I was bummed that I won't ever be able to afford something like that, but then the juices started flowing.. 

So you have to figure out if the juice is worth the squeeze to access around $40k in capital.

I think they do not have enough incentive to save you money, find a deal that is going to work for you, and the juice is not worth the squeeze.

My ideal is more in the 4-5X, but for the specific market a premium is fair, and for <7yr of age, that's what brings me to 7-8X. 10X+, no thanks, juice isn't worth the squeeze. 

Doesn't have to be in an LLC first of all.It can be a STR reported on schedule E for the year it was used as such.You may need a New CPA.