Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

The rental market is already showing signs of recovery:Spring Is Coming: Historically, the rental market picks up momentum in the spring as tenants prepare to move during warmer months or ahead of the school year.Early 2025 Trends Are Positive: In just the first week of January, we’ve seen a dramatic increase in rental applications, suggesting pent-up demand from renters who delayed their searches in November and December.What Landlords Can Do NowTo make the most of this recovery, consider:Refreshing Your Listings: Update your photos, descriptions, and pricing to ensure your properties stand out.Offering Incentives: Temporary discounts or move-in bonuses can help fill vacancies quickly.Being Patient: The market is already bouncing back, so don’t panic if your property takes a bit longer to lease than usual.What’s been your experience?

I updated the electrical, painted everything, and “cleaned the property up nicely” exterior and interior.

Insurance companies are taking a close look at building materials, quality, and updates. 

They will most likely have to update it a bit.

Lastly, I do a weekly STR update you YouTube if you are interested where I talk about all new STR listings and sold listings.

Wilmington on the first Thursday of the month from 6:30-8:30PM. ccreia.wildapricot.org (this website hasn't been updated to reflect the change)NCREIA also meets monthly in Wilmington https://www.ncreia.com/Events.aspx?

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Just make sure everything is updated and you will be able to manage it easily.

Hello,  I would love an update.