(So you might be upside down after selling costs if you have to sell?)

Hi Tom, self-managing a long-term rental (LTR) beats hiring out a short-term rental (STR) for profit-to-effort—50 hours/year (Nathan’s estimate) nets $300-$500/month per unit (2024 Rentometer), while STRs at $150-$250/night (AirDNA 2024) lose 20-30% to fees, cutting gains.

You want to obtain the Rent Rolls, for the past 12 months; and at a minimum, the T12 (the last 12 months of Income and Expense).

Put it at/before the closing, otherwise they likely won't readjust your mortgage balance unless you "recast" the mortgage which may need more costs. 

You will not need batteries to offset your solar cost.

In our market in Columbus, the economics are as follows:Land: $30,000-$60,000Construction cost with profit hard cost per square foot $190-$195Exit Value that you'd want per door is $200k+ or $260 per sq ft or higher.

DENVER — Rent costs in the Denver-metro area recorded the largest monthly decline in the nation in January, according to Zillow’s monthly rental report.Denver was one of 11 major metro areas where monthly rental rates fell, leading the way at a 0.4% decline in January rent costs, the report shows.

Quote from @Dawson Foley: If you can give detail on build costs verse rehab costs that would really help!

Advertising at the beginning of a full studs out renovation or something that will be months down the line wouldn't work out. 

This gets you in the game with minimal upfront costs.Covering the Smaller Costs (Inspections, Appraisals, Earnest Money, etc.)Even when using other people’s money, you’ll need some cash for earnest money deposits, inspections, and carrying costs.