You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

That way, you can or choose not, to make a change to the original note.  

The original six month tenant I had extended the lease 9 times and stayed a total of 5 years, paying me about $15k over market rent annually.  

@Treza Edwards  your original question may answer itself when you say there is not much new construction going on. 

Originally posted by @Beverly Taylor:During the set up process for RentRedi, the software automatically sends out a message to all tenants by email.

Agree that we should not be spending a lot on renovations or repairs, but almost everything needed replacements/updates after we turned over the original tenants.

Well, my original SFH purchased in 2010 still has its original S8 resident.

I'm originally from BR and am fairly active there. we see a lot of inventory so also happy to chat offline about this

Per my original post, "The Pitch".

For this deal to work under those conditions, the purchase price would need to be closer to $179k.With your original assumptions 249k, the deal is marginally acceptable but not great, given the negative cash flow in the early years.