For example, I had a client who converted a student property in a college town to a traditional rental, but the key was that the asset wasn’t performing well.

So, this is about your feeling about that exchange (communication) as they have not yet failed to perform what they promised since it isn't mid October yet.

Yes, you might have some stellar months as a STR during the year, but you might have long stretches where the property is vacant.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

If that is the case, then the listing agent has violated the contract by placing tenants.Also, JUST BECAUSE THE LEASES ARE FOR HIGHER AMOUNTS, DON'T ASSUME TENANTS WILL PERFORM!

No HOAs at all.When I say afford, no more than 30% of your take home pay-- to stretch it 35% given you are in San Diego.

An activity is a personal service activity if it involves the performance of personal services in the fields of health (including veterinary services), law, engineering, architecture, accounting, actuarial science, performing arts, consulting, or any other trade or business in which capital isn’t a material income-producing factor.7.

A cost segregation study was performed on this residential condo in Jupiter, FL purchased in 2022 with a depreciable cost basis of $672,870.

One limping along one performing OK I guess . 

You failed to perform proper due diligence before closing on the rent house.