There will be significant cost and time involved, hence the alternative, pre-emptive steps outlined.Focus on loss minimization rather than an emotional response.Best of Luck -

There were delays as my agent was supposed to help list the property for rent to place a tenant, but FlipSystem was with me in figuring out alternative resources - that was key.So really, you're paying that $15K fee (confirmed!)

When compared to bigger complexes in desirable neighborhoods, these properties could have a higher potential for cash flow.Examine Financing alternatives: Look into financing alternatives, such as FHA loans with low down payments, that are geared for first-time homebuyers or owner-occupants.

You could give a sign in 48 hours notice as an alternate.

They might offer alternatives like real estate investment trusts (REITs) or crowdfunding, providing a kind of indirect link to real estate.

great alternative way to look at it. thats sort of how i was leaning with my logic. like i would rather keep a good tenant for a long time and "lose" some market value but guarntee no vacancy. i figure i could write in a large penalty for cancellation too prior to term ends.

Sure, the alternatives is to buy in a nearby B neighborhood at some point in the future.

Your other alternative is hiring a listing agent to rent the apartment and they normally charge 1 months rent as well.

Even if you use alternative financing options that don’t require you to have an income most still require 10-20% down payment.

The long-term benefits seem promising, but it's a considerable leap.Delay Action and Save More: Alternatively, I could pause any immediate investment, focusing on boosting my savings for a larger down payment on a more significant property next year.Your experiences, insights, and any advice you can share would be immensely valuable to me.