Your daughter can gift you the $31,000 equity by selling the house to you at a below fair market value price.

I do think this is a great way to get started with a fairly small amount of capital assuming you make enough to obtain the loans.

If you start communicating before things get all legal, then that shows everyone in the neighborhood that you are willing to work within the regs and with the neighbors in order to fix issues.If you aren't the problem, things are smooth with your STR, then you want to convince them that they should let things continue and penalize the problem properties and not yours.My 2 cents as per usual.

My business partner handles the property management side of things but they can be difficult to communicate with at times. 

These members attended multiple meetings where we helped and provided support—finding, strategizing, underwriting, and discussing their properties to set them up for success.But it’s important to note that our communication is transparent, and it’s easy to verify our records.

FB Marketplace is also fairly easy to use, but depending on your location it can be a waste of time.

Would love for those to somehow communicate, and I've brought that up to Buildium as my user feedback.

This needs to be highlighted in the lease and acknowledged by them.Security Deposits: You can’t use their security deposit for routine cleaning, but if they leave things in bad shape beyond normal wear and tear, it’s fair game to deduct cleaning costs.I’d start by having a straightforward talk with them about the importance of keeping things clean for health reasons and property preservation.

The reason should be communicated to the tenants.Since this is a case where the landlord wishes to terminate the lease early, the landlord may want to consider offering a cash incentive to the tenants.If the tenant doesn't agree, they're legally allowed to remain tenants until the remainder of the lease.

Both options you’re considering have their pros and cons.Converting your garage into a studio would give you a fairly quick ROI with the potential for passive income.