The closures arrived at a time when Phoenix's retail market was tight, with space for expansion becoming increasingly rare.

My timeline for turning over vacancies is strictly four weeks, which is the maximum acceptable period between a tenant moving out and the arrival of a suitable new tenant.

Guest checks out, cleaners arrive to clean, conduct post stay inspection, and reset the home for next guest.

. $550  / mth * 8 unit = $4,400 * 12 mths = $ 52,800 GRI  ****not $53,800****The formula for CAP = NOI/PriceNOI = [GRI - V&C loss + OI] - EXP  *****You did not subtract for expenses to arrive at NOI nor include a vacancy and collection factor****Assuming expenses are 50% and 100% occupancy (which 100% occ is not realistic all the time).

When the day to sign the lease finally arrived, she called me and said she had to back out.

Baby girl arriving April 2025!

or just take my own pic when they arrive to move in?

I arrived at $450K based on working backwards to what loan amount at 80% LTV could be supported based on the rents and DSCR of 1.25.

Within an hour of check-in, we send a message like, “Hey Jane, I just wanted to make sure you arrived ok and everything is perfect!

I sent them a text with an informal notice that if I don't hear back from them about the changes in their arrival plans and don't receive the first months rent by tomorrow I will presume they no longer plan on taking possession of the property at which point I will make a formal legal notice.