You can get away with using 5% for Class A tenants, but we use 10% for Class B and lower. 3) Tenant Payment Performance: you didn't mention this, but it is important!

I expressed my discontent with how they are managing the property and I was informed that my contract required me to pay for 1 year of PM fees to terminate (I should have read my contract more closely when I signed it at the beginning of March 2020)....

We follow a similar model as @Bill B. and with similar results, except our properties are from the 60s, so we gut them and rehab from the studs up, basically resetting the clock. 

Pull off the Band-Aid.

I think the best thing would be to knock out the line of credit mainly because I’ve been putting a lot of time into getting my business up and running, BUT if I could knock out the renovating before March that would be a HUGE win.

-Up to March 2024 we were operating as an LLC, but we closed it in 2024, so previous years we were not filling SCH E instead we were issuing to ourselves K1s.

I have seen this in Milwaukee too many times, the only way to make it work is VERY hands-on.If you end up renting it in March for IDK net $200 the property will have lost a LOT more in the next 12 months just in condition vs what it looks like now (assuming that it is freshly painted?

.- The Yield Curve will begin to normalize (uninverting): Even as the Federal Funds Rate begins to drop, the yield curve will finally begin it's march towards normalization.

I spent $1,011.97 for Lee's Reverse REO class ($997.00) and his How to Achieve True Wealth (Digital Only - $14.97) Learn the Secrets of The Wealthy and how Lee Arnold built a multi-million dollar private money lending organization on March 2, 2023.

The Florida MF deal was from Feb. 2021 to November 2023 and the ATL hotel deal was from March 2021 and is still ongoing (planned exit in 2026 but is infinite returns so I'm in no rush!)