We feel that this deal is within our risk tolerance but want to avoid financial strain if things don’t go according to plan.Questions for the Community- Given the financial situation, would it be better to pursue a flip or BRRRR?

We would never extend a lease to a resident misbehaving like that.I'd encourage you to tighten up your procedures and, following your lease, get this resident out at the soonest possible time.

Due to inflation things have tightened significantly which has led to less speculative spending (like on land).

Understanding local tourism patterns can help you adjust rental prices.STR Regulations: Many cities are tightening regulations on short-term rentals, which could push more property owners to offer mid-term leases as an alternative, increasing competition in this space.9.

Early investing builds equity, generates income, and teaches property management skills, but may strain finances.

If I was going to improve on one thing, I could certainly tighten up my turnover process and make units ready to rent again a little faster or even advertise a little ahead of when they are ready.

Of course there is, the key thing hygenists look for is different strains

"Over the last four tightening cycles, the time between the first hike and first cut averaged 2.2 years, and never exceeded 3.2 years" - credits for www.pensford.com 

Such a scenario doesn't just bring values down by 30% but also places substantial pressure on property holders, especially when debt refinancing looms on the horizon, compelling action at these reduced market values.Here is the double whammy that increases the cash in refinance needed, the capital markets (bank lending) terrain has tightened greatly.

Background checks revealing failure-to-pays or past evictions have become more common, and you're not alone in seeing this trend in Baltimore County.One major reason for the deterioration in tenant quality could be the backlog in processing housing assistance applications and increased financial strain caused by COVID-19.