here are my stats on 6 months being with them (not by choice but they acquired the property manager I had in chicago) I have 22 units in 4 buildings    Rent 22.5% lower rent      Expense 34% increase in expenses Also all expenses are way above market rate with minimum oversight for vendors overcharging or proper negotiation for volume work.

With an attorney handling the eviction, you can not only ensure proper handling but also take advantage settlement agreements to prevent having to restart the process if the tenant were to default again and get automatic final judgment when the tenant defaults on the settlement agreement. 

- Properly document your rental income on a schedule E and report it to the IRS.Connect with an Investment Friendly Lender- Not all lenders are equal.

Whatver you decide, you'll want to ensure the proper addendum is attached to the lease to specifically outline how utilities are handled and charged if charging tenants. 

All of this works because proper due diligence was spent in the beginning to more fully be aware of what one is dealing with.

If not, Foremost and Proper are both top notch STR insurers.

I would need more details about what you are looking to purchase and credit scores to be able to properly price this out for you!

We almost moved there in 2017 and even had offers on a few homes that went far more above ask than we anticipated.We ultimately moved to Metro Detroit and invested in Detroit proper.

Thus, the next challenge and frontier for many DSCR lenders seeking to serve the growing number of real estate investors pursuing this strategy is to cement a qualification and underwriting methodology to properly qualify MTRs and accurately project their revenues.

You should consult with a qualified contractor to discuss options and costs for proper repairs.