It is from having it established correctly and operating correctly so if there is a legal challenge in the future the LLC passes the test.If you think you have assets as risk and want an LLC then handling it wrong is not really much better.

Even if there was this is a forward looking deal so hard to say what the future trends would be.Like any RE deal future appreciation is only 1 factor.

If not would it be reasonable to expect enhancements in the future that might provide a similar set of capabilities?

Josh,I am not doing central air in any future units, except my very best SFHs.

I don't think you need to worry about a shortage of good deals in the future.

What would it cost to get from the present state to the future state?

Something like a rehab loan that would based upon future value and would cover the purchase, fix up, costs, and sometimes payments.

So let me just expand for the BENEFIT OF FUTURE READERS and other newbies who think having a "mentor" is the be all and end all to becoming an investor.Why would you agree to a purchase price of $198K in a neighborhood of $90K to $145K houses?

Was the building a conversion or purpose built as that will impact future repairs.FL has some weather issues.

Or are you expecting to capture their details so you can remind them in the future that you are there and interested in buying when they are ready to sell?