With some more math, you’ll see that the extra amount in dollars is not that much compared to the total amount of interest paid.

If it's 50 dollars then that's what you charge. 

@Kristin MathernI would pay it given no keys were provided, it wasn’t specifically addressed/mentioned in your lease, you were provided the opportunity to address/fix yourself with a 25-30 dollar replacement from Lowe’s/Home Depot, and lastly, it was an existing situation that could have been avoided/prevented at move in.

Sorry for the tough love, but not buying the above.You & your wife's salaries should cover your expenses, while the income from your remodeling gigs should be saved.Recommend you review EVERY dollar you made and what you spent it on in 2024.

The builders that were building rentals are most assuredly going to switch over to rebuilding the higher profit multi-million dollar homes.

U dont have enough capital for those risks I love the second position holders who get in with small dollars, then see the $200k first position lien go into foreclosure and they need to pay it off / bid at foreclosure but do not have the money and get wiped out....  

Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

Hey @Joe McLaughlin, so I surf FB marketplace, Craigslist and OfferUP for used made in the USA furniture.You can get top quality stuff for pennies on the dollar or free.

So as long as someone gets realistic with the TRUE cost to  own and maintain and the numbers work it can work but I am a big proponent if your going to have these types of assets they need to be paid for to really enjoy any financial benefit.lastly I can say the same thing about new builds.. over the long haul unless there is REAL appreciation more than just 2 or 3% if you sell within say 10 years your going to be lucky to break even as your going to have to spend 20 to 30k making the houses fresh again to get top dollar a 10 year old rental is not going to bring top dollar and the value at that point will only be what an investors will pay for a given cash flow..

Its hard to find and investors who is going to fund a 1 mil dollar rehab loan.