Learnt lesson not to fully depend on property manager and should have made decision faster by reducing rent .

A turnover means repairs, painting, cleaning, marketing, vacancy time, and lost rent, so a small discount is often a better financial decision than churning tenants every year.There’s a lot more to consider, but these are some key lessons I’ve learned.

With this set up, the turn-key provider can walk with you through this process and help advise you on decisions, which can be extremely beneficial being your first investment property or your 100th property.

I appreciate the input and with think through this decision.

Factor it into your cost and decision. 

Most importantly, how can I set realistic, effective metrics to guide my investment decisions?

Quote from @Tiarra Delaney: Quote from @Wale Lawal: @Tiarra DelaneyYou're in a strong position to grow, and focusing on cash flow and equity will guide your decisions.

But we are all in a different boat an these decisions should be treated as such.

Quote from @Stuart Udis: My comment has nothing to do with comps and your decision to make the repair shouldn't be comp influenced either.  

Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.