Results: The final numbers – purchase price, rehab costs, sale price, profit, etc.Key Takeaways: What did you learn, and what tips would you give to others?

It's a major project, and finally nearing the finish line!

You will likely have to hire/fire a few times over before finding your final hire.

Once I got 7 or 8 properties I finally got a separate business account to make it easier to keep track of.

Several recent transactions closed at 5%+ lower than the final asking price. 

Finally, **transparency and trust** are vital; a lender who is upfront about all costs and willing to work through challenges builds long-term relationships with investors.

Recency bias gives greater importance to the most recent event, such as the final lawyer's closing argument a jury hears before being dismissed to deliberate.In 2021 and 2022, recency fallacy told us "keep buying short term rentals, because they have been going up and will continue to do so.  

The security deposit was about 1.5x monthly rent..... the PM attempted to collect the final rent payment but was unsuccessful.....Now according to the property management company they need to technically apply the security deposit to the rent (according to them is part of some sort of fair housing law or something etc.) vs applying it to the damage caused by the tenant. 

I think I am on a path to recovery, ready to check out the market tools to finally pick and market and find some deals!

Finally you just subtract the amount owed from the principle.