All Forum Posts by: Sterling White

@Annette Homewood I would go with a reputable PM company. However if the handyman you speak of has had experience in managing properties then I would go with him.

Also do you plan on collecting the rent and dealing with the admin work of the property?

This is a great article @James Trautz there's also a member blog on this platform I would recommend. Its a resource I have started to use

That is a great question @Nicholas Lohr a resource I have yet to hear about.

Are you looking for cash on cash returns using leverage or all cash? 

Welcome to the site @Jasmine Flores I would recommend using as many FREE resources you can. Books I would recommend however are Rich Dad Poor Dad, Four Hour Work Week, and Millionaire Real Estate Investor. 

Which you can get those for free from a local library 

Agree with @Ryan Bergeron you have to look at comparable rentals in your area similar to renovations you plan on making. 

If there are zero rentals in your area that have that quality of work then it maybe difficult for you to command a higher rent. Not impossible however

@Chris Harrington things like this happen all the time(not this exact scenario). I wouldn't look at it in the scope of it being your fault. 

Its only a learning experience that will help in future endeavors 

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Agreed with the above statement in going with the normal water heater. By raising the price really narrows your prospects considering they look at price first

Go with your gut as everyone mentioned above @Annie Li. With a vacancy that high in that location you will endure much turnover even if you decide to put in a nicer rehab. If you are looking to cash flow positive out of state maybe your best option.