If I believe I can generate enough profit this year and navigate any potential inspections next year, I’d be comfortable moving forward—using the income earned to cover any necessary upgrades.An alternative exit strategy is to document the financial performance and sell the property as-is, highlighting its strong short-term rental income.Think through your next five moves, from best to worst-case scenarios, and make a decision that aligns with your goals. 

Purchase price: $28,500 Cash invested: $178,000 Sale price: $250,000 Bought a 3 unit riddled with drugs or prostitutes from the city at the tax auction, spent a year gutting and consolidating all three units in two structures to a single-family home with an exterior side entry garage.

I have gotten many leads reaching out to me over the years they have had that program

Will take a few years to see cashflow.

I've been researching and analyzing for years and just could never pull the trigger. 

I've been investing and hanging out on BP for almost 10 years now, so please reach out if I can help with anything.

@Zach HowardAll 1800-2400sf, 3-5bd, 2-7 year old (when I bought them), stucco sided, tile roofed, SFR without lawns. 

I have a strong background in sales and business development, with years of experience driving revenue growth, building high-performing teams, and closing deals.

But to date, I've just set my rents at a rate that accounts for me having to pay the water bill - and informed the residents that each year I'll increase the rent based upon my expenses (including water), so keeping the bill down helps me to help them.But one problem this could cause is if increasing the rent to cover the water bill then places your rent above the market rate.

You have the ability to sell while limiting your capital gains tax because you lived in 2 of the last 5 years.