You have to know your state landlord-tenant laws; they are on the internet:"In New Jersey, a landlord may need to give a 30-day notice to pay rent before eviction if the tenant has a history of late payments and the landlord accepts them.

Coghill: Hey all-I’m looking for feedback on AppFolio.

Congrats on getting started with the STR business. 

They have a good set of advertisements that focus on their whole house strategy which is good IMHO.We are running about 50/50 on bookings for 2025 right now.

From what you’ve described, it sounds like you’re more focused on long-term appreciation and future benefits rather than immediate cash flow.

I’m looking to invest in nearby areas, focusing on fix-and-flip projects and new ground-up construction.

In my home market of Florida, our insurance rates have made it much harder to have positive cash flow on a CRE deal.

That’s fine down the line, but for your first property, I’d lean toward familiarity.2.

This will also allow you to avoid taxes on the sale.

I would only underwrite based on actual rents not proforma.