Cost vs.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

I just wish I was doing it for my own business.

I use buildium which is a good value and I think the integration with tenant turner alone saves triple the hours needed to be worth the cost.

Hi Chris, As financing costs will be a big factor in determining profitability, you should be asking HMLs for proposals to fund. 

Think of it like buying an existing performing business.

Possibly set up a single website and consider driving early business there from VRBO or AirBNB to get some initial views.

I have filled a complaint against him with the Better Business Bureau and the NJ State Attorney General. 

That’s how the wealthy do it with real estate or businesses.

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.