As mentioned, there are 2 major approaches: contractor or DIY to resolve.Contractor: Get bids and charge the tenant what it costs you.DIY: Tally your materials and labor cost, then charge your tenant.

@Devin Bost, I understand the dilemma you're facing in choosing between full-service property management and a more hands-on approach for your short-term rental.

But I wouldn't jump into a deal with people I don’t know well or here they are good—that’s not the best way to learn.Instead, I’ll take a different approach here.

Stay informed, adjust your strategies, and make the most of the opportunities ahead.The Palm Beach real estate market is shifting, but with the right approach, it’s full of potential for everyone involved!

The growing inventory, up 36.6%, offers more options for buyers, while sellers might need to adjust their approach, highlighting value and making their properties stand out.Townhomes & Condos: A Shift to the Buyer’s AdvantageIn contrast, the townhome and condo market is presenting more of a challenge.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Hello Bryson,It's fantastic to see your proactive approach towards real estate investing, especially at such a young stage.

Your deal structure involves a hybrid approach of a land contract, "subject-to" financing, and flipping.

Awesome approach, it is best to meet with the agents in real life, see the neighborhoods and get the vibe in real life.I usually talk to them on the forum for about 6 months and then take the next step..to see how dedicated and professional they are .

Short Term Rental Properties Investment blog has been updated with a dynamic approach to elimination of debt and usher the audience into the arena of DIY investment strategies.