If that is the case, then the listing agent has violated the contract by placing tenants.Also, JUST BECAUSE THE LEASES ARE FOR HIGHER AMOUNTS, DON'T ASSUME TENANTS WILL PERFORM!

Should you perform maintenance?

-------------------------------------------------------------------------------------------------------Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

You failed to perform proper due diligence before closing on the rent house.

The terms will be fair, but also terrifying for non-performance.

However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.

How do current market conditions influence your decision to flip or hold?

Analysis wise - theres a ton of variables that come into play when seeing how well a home will perform.

Depending on the property's location, it could perform very well as a co-living asset (3x of a traditional rental).

Curious what you're basing your numbers off of- I'm guessing the 2023 numbers are going to be a far more accurate prediction of future performance.