Background checkCredit checkPast performance.

@Dennis Boettjer be careful about basing your decision solely on past deal performance.

Ensure your records include details of any hired help and the tasks they performed.

After nearly 3 years of operating history, I'm concerned that the properties are not performing well enough to warrant continuation of the venture, and I'm considering selling.

I will go so far to say that the sub-metering was the WRONG choice for us, given the cost, and given that if push came to shove, it would not hold up under scrutiny - by tenants, in a court of law - and therefore by extension, us.

Here's a bit of background:I have over ten years of experience in real estate.I've bought and sold hundreds of properties in the past two years.I have six performing rental properties and aim to expand this to 50 by the end of the year.

a bit of a stretch to do that as a first deal

For your property to perform well, I would want it to rent for around $1800 a month to cover expenses and provide some cash flow.

In the meantime, maybe look into refinancing options for the short-term rentals to access some equity, especially if they’re performing well.

I can't think of a more extensive network of investors to lean on for advice than BiggerPockets.