@Linda S., it is also important to have tenant orientation and perhaps refreshers on how to use the safety equipment.

They might be in a tight bind and be willing to sell the property below market value, and you can make your money in between.Vacant/Non-Owner Occupied: If a home is sitting vacant the owner may be willing to sell it quickly just to get rid of it.

Sit down with a few loan officers and see what they have to offer. 

The market in the area seems pretty competitive with some nice apartments costing around 2,000 for rent so I am considering renting it out for cheaper maybe 1.8/1.9 so it doesn’t sit too long on the market.

He does not know he is sitting on a Gold Mine!"

So the place is sitting there vacant, he asked if he could move the 30 days back and pay for partial of July which I tried to shoot down but the lease says 60 days so they legally can stay another month.I went to the unit to inspect it yesterday with his permission.

Lots of people got suckered mid 2022 to buy STRs and are sitting on some real cash issues.

I stopped for a while to do life coaching and energy work, and then I met a guy who was a broker that wanted to get more into the development side so we teamed up with his dad, a lawyer, and started up.As things have progressed, I am now finding lots of deals, and as it turns out, the guy I am working with is not really delivering the investors like he said he could/would so I am learning that part of the process now too as most of my deals sit quietly on the sidelines.

Hello,A good rule of thumb in NC I tell my sellers about: if we get lots of showings in the first 2-4 weeks, but no offers, the price is too high by a good bit (15-25% estimated).If we get showings, and one low ball offer, the price is a little too high (5-10% too high).The longer a property sits on the market, the more likely you'll end up accepting a lower price ...better to go ahead and do a price reduction now and sell it faster, than letting it sit and eventually the market will do the price cut for you. 

Fast Forward to now and it is sitting at $1,450 and we are in the middle of summer and still struggling to find a Tennant.