It doesn't sound like you visited the market, the PM, or the seller in these markets.

it sounds like renting a whole house, youd make more It would probably be less work renting the whole house too.

Replacing countertops, though, is a capital improvement and usually has to be capitalized and depreciated over time.

Many lenders are using an internal construction loans to replace Homestyle, ChoiceReno, and 203k out of simplicity.

X a month sounds a lot better and is actually doable for a lot of people vs a big pile of cash today if you need a full cash sale. 

Go ahead and state who you're working with, this sounds eerily similar to something we've heard on this forums over & over.Below is Josh's link. 

The headache of playing peacemaker between 3-5 unrelated tenants doesn't sound worth the premium management fee; not to mention rent by room generally brings in lower quality tenants which require significant more management.With that said, higher rates are pushing investors toward rent by room simply because it's the only option for cash flow (at least in Denver) which is why I have so many folks reaching out.If you currently have rent by room investments or perhaps you're a PM currently offering rent by room, I'd love to hear your feedback and any advice you may have. 

Hey Brendan - It sounds like you're taking smart steps to navigate the slow season, and the adjustments you've made are all solid moves.

If it is that, then just replace the old one with a new one you should be good to go. 

@Nick S. it sounds like this property isn't close enough for you to self-manage.