Here are a few common mistakes startups make when purchasing an investment property:They calculate expected annual gross income based on 100% occupancy rates.Poor property management results in tenant turnover.High vacancy rates cause lost rent.The local rental sector is experiencing a downturn.High maintenance or repair costs eat into profits.Getting rental rate wrong—either not charging enough or charging too much.Before selling your rental property, it’s crucial to determine the reasons for lost rental income.

It’s one of the mistakes many investors make by not titling their real estate correctly from the start.

Given that your rental property currently cash flows over $3K/month, the DSCR might be too low to qualify for the full $900K loan, unless you can show additional rental income or strong reserves.If your goal is to access that $200K for another investment, refinancing with a DSCR loan could be worth losing the low 2.99% rate, especially since it would eliminate the high-interest HELOC.

I made the mistake twice of not doing this and ended up in court both times.

@Joseph Beilke no offense, but typical newbie mindset mistake!

In a properly run platform, VRBO would require hosts to upload this information to the platform, and the guests would access the information directly from the platform, eliminating drama. 

Just starting out, you will be learning and making mistakes, and will need to give up more.

Generally, I believe that people try their best and mistakes happen, but this property management company has been nothing but a cost to me.

Simple investment mistakes don't count.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊