There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Purchase price: $3,500,000 Happy to connect, conversations and introductions welcomeHilton Spark Hotel Conversion – South Point, OH (Tri-State region)• 148-room Hilton Spark conversion (franchise secured)• Purchase ~$3.5M | Renovation ~$5M | Total cost ~$8.5M• Market ADR ~$123 | Occupancy ~70%• Projected NOI ~$1.8M stabilized (18–24 months)• Estimated stabilized value ~$18M• Strategy: acquire, renovate, stabilize, refinance or strategic sale• Additional upside: restaurant + excess land parcels What made you interested in investing in this type of deal?

I’ll offer some additional pointers:1.

By properly in this case I mean each tenant is responsible for the entirely of the rent.Let the tenant handle this.If you were doing a rent by room you would be getting compensated via additional rent to handle these type of issues.  

RentPrep – Known for manual background verification and identity checks in addition to credit reports.

There are still funds remaining in the rehab budget pool, but because of the draw structure I’m currently stuck waiting on reimbursements while additional work still needs to continue. 

Luckily a city employee gave me a heads up on it years ago when we were considering a bathroom addition that would have had to go to sewer because of the layout.  

I am currently in the processes of splitting the lot into two so I can see about building an additional duplex on the back lot.

In addition, a stronger offer would increase our probability of winning the house, and his chances of getting paid.

I’m based in Florida, but I don’t want to buy additional properties here.