Actually, agreed to $200,000 initially but re-negotiated once I visited the property and looked at the existing Teak/Mahogany trees. 

We got an appraisal and I told them to lend no more than $3 million; in fact I negotiated a $3 million loan with the borrower on their behalf.  

The pros of not using an agent are you save a few grand the cons are who is going to be negotiating and creating the offer and purchase and sale agreement.

Quote from @Jacob Hrip: I have read this one years ago and it is a great book by a very successful guy in the space!

The judge asked if we had negotiated and I said I had offered him the opportunity to just leave, which he declined.Anyway, he has set aside a whole hour for the hearing, so I can only imagine what a pain it will be. 

@Weronika JedrakWe have tried furnished finder in the past but have not had much success on it with the leads that we were getting generally attempting to ask for rental rates below market rent.

When it comes to taxes, the key to successful planning is documentation; retain all records of spending, as all those costs can be deducted.”

I would always try to negotiate with a tenant.

Treating loan repayments like a non-negotiable expense while reinvesting property cash flow back into building equity.

That property is now a reliable source of rental income and a constant reminder that success starts with taking action, learning on the fly, and embracing challenges head-on.