Hypothetically, this deal would perform very well if you achieved 80%-90% occupancy.

Is your midterm you live in performing well? 

The key to success is understanding the nuances of the market—different neighborhoods perform very differently, and having a strong team on the ground is essential.If you’re interested, I’m happy to share some resources on investing in Detroit and what makes it work for BRRRR.

I don't ever recommend selling a property unless (a) you want to move the income to another investment that will perform better, or (b) selling moves you closer to your goals.

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!

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. 

In one of my markets assessments are performed every 3 years, and the cost of 3rd party appeals will cost 30% of 1 year savings. 

Every year they will perform another evaluation to ensure you and the tenant complies.

Echoing a lot of what Carla Gordon shared, MTRs perform exceptionally well in the Texas Medical Center, particularly among operators engaging travel nurses.

.🔹 Trust But Verify – Set up accountability metrics, KPIs, and reporting systems so you oversee performance without micromanaging.🔹 Know Your Role – Your job is to build and grow your portfolio, not handle every maintenance request.Final Thought: What’s One Thing You Can Let Go of Today?