The problem with a cash offer using hard money is it still has to go through their underwriting and there is a 3 week turn-around, so the deal would fall through if something didn’t work out.

However, 1) there are still syndicators producing outstanding returns 2) commercial MF and office space is down significantly.  

Normally there is some sort of onboarding or start up costs however usually PMs charge based on how much revenue they received hence if no revenue is produced due to the property being vacant, no funds are collected.

As for application turn around, it is normally about 5 days but it could be longer or shorter.

My monthly fees are as follows (handyman inspection $125, Cleaning $270 a turn (I collect this from guest), TAT&GET (collected from guest) Property Taxes, Insurance (I highly recommend you price this out, with hazard I pay $1,200 a year), internet/cable $100, Electricity $300 a month, AOAO dues $900 (association fees are increasing minimum 5% a year).  

move out and turn it entirely into a rental.as i say in what seems like every post on BP right now, we are not in a 'cash flow' market with prices and rates high. 

This would be purchased as a primary home and then probably turn into a secondary home as their job would probably require a move over the years.

We have never had a tenant that was able to produce any factual data that supports their concerns. 

We will truly know the outcome once we are in season and can see what the buyer’s market turns into.​FutureWith the current reduction in interest rates (.5% and .25%) we may see a slight increase in home sales.

There are ups and downs, and as you have been in business for 9 years till you closed it, there are unexpected turns, or expenses that you really do not see around the corner.