Yes, there are added costs to this, but what is your time and energy worth?

We reduced price as well.The units are still empty and I'm starting to get really tight with mortgage payments and rent (I live in NYC).

It's been my experience that adding that to the lease has greatly reduced complaints from the City/neighbors.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

At the end of the day, while I do think the current situation will, and already has, reduced the number of unqualified syndicators, as soon as the market starts to rebound, it will be back in force.We are in a market where very few are trying to get into the space.

While I'm not a STR expert or an attorney, I would recommend to all investors to take their properties out of their personal name and put in an LLC to reduce your personal liability.

I have another feature for the future at a reduced cost to install.

I have suspended Passive Activity loss that would reduce the gain, but not eliminate the gain from tax POV.

And you reduced their rent?

Just remember to factor in that you will now have fixed monthly payments on the original three which will reduce your cash flow.