from the list for the first place, I can't see how those invoices match what you need: caulk, bolt cap for toilet, 3 mini blinds (that should have been charged to the tenant), door/knob/lock (again what happened to the one that was there)What were the TWO invoices for glass for?

The next big hurdle: You'll need to basically perfectly match either the loan or loans you lend on to the amount you pulled out to make that theoretical 5% spread on the arbitrage. 

I recall reading something in The Economist pointing out how these not-so-obvious markets often bring steadiness that flashier spots can’t always match.

Can you mix and match tenants to fill a larger space?

Can you generate custom reports in Buildium to match the Stessa required format?

Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level. 

Structuring your lease in this way would benefit you by 1) locking in a longer term contract to avoid turnover costs and vacancy loss; 2) it moves your lease end date out of the winter season and into spring/summer of 2026 so it can be more easily marketed and re-rented to match the seasonal demand cycle; and 3) it avoids any upset/angry tenants who may have been incorrectly assuming their rent was going to stay in the $1,200 range after their first 6-month lease term.Would love to hear any updates you have on how this one shakes out for you though!

There are many REI strategies, figure out the one that matches your funds, personal involvement, etc. 

Many people start out active because they want exposure to real estate and don't know that you can start out passive - you can effectively hire the asset manager and supply capital to the investment.You can have great success as an active or a passive investor - but it is important to understand the difference and to select whichever option matches your skills and resources the best.Good luck!

The 1 behind closed doors and the tenant portal log doesn't always match.