Fortunately 70% of 110K gives you several more thousand in case expenses run over or financing is tied longer than anticipated. 

If they do not pay you will be forced to evict assuming your state regulations allow evictions based on utilities owed.Your best option is to simply raise the rent to cover the anticipated cost, plus some, and hope for the best.

What are you doing with your real estate investments to prepare for the recession you anticipate?

He is offering a 5% return on a $25,000 investment, and anticipates needing the money for 4 months.

I’ve gotten to where we have multiple doors at the same monthly rate so I need to transistion into an app to help me manage and identify who paid rent.I have a few tenants that are “technically challenged” and I’m anticipating some challenges with getting them on board to use a payment app.Any suggestions for the simplest rental payment apps (from a tenant perspective)?

4.Did they, or is it anticipated, that they will get their full damage deposit back?

The STR has higher expenses than LTR, so this is no where near as much cash flow as getting $15K/month for an LTR but it is significant positive cash flow.I suspect the rent as a LTR will be between $5.5K and $6K per month but we have done a rent survey yet in part because I am anticipating the LTR rent may fall due to the increased supply of LTR units. 

Also the extra framing because of the inside walls being concrete, more dumpsters than anticipated etc.

We closed on a flip last week where we are anticipating a net profit of $50k.

@Barbara Cloyd - When does their lease end and do you anticipate they will be staying?