and they are very likely to systematically monitor market rents on a monthly basis and adjust accordingly.The fundamental principle is that if you don't index rent for inflation every year you are essentially giving them a rent reduction.

Fannie/Freddie a few years ago changed the loan level pricing adjustments on investment properties and second homes to be exactly the same.

If they are going to be there post closing, at minimum have your agent do a final walk and take photos and video as you will now be the landlord and responsible to hold them accountable for any damage, so document.Once you get it up as a STR, you should go at least once a quarter to make sure cleaners are doing a great job and make any needed repairs or adjustments.

We aim for a target cap rate, say 6%, aligning with our investment strategy.Here's an example: if a property yields $1.2 million in income and costs $10 million, resulting in a 6% cap rate.Then there's the adjusted going-in cap, factoring in potential changes in income or expenses.

HELOC rates are fixed only for a certain period of time and then adjust on a monthly basis.

We had a similar situation about a year ago with a duplex and we had to do it manually, very carefully.

Any adjustments to the plan?

Tenants will adjust better to the small increases.

Period.Anyone can find and fix and even sell you a house these days.Not many can manage them well and honestly.So for all of you worrying about me or any other leader in the turnkey industry getting hit by a bus.It doesn't really matter if we do as long as there is a solid property management team in place with professional staff that can continue looking after your investments.The biggest and best turnkey companies in the country (We are still a tiny fish and no where near as sophisticated as some) have full blown departments with leadership roles and detailed processes, systems and manuals that probably work better when the founders and owners don't even get involved.This is something that we are striving for also.So for the time being, you will still see me poking my Dingo nose in everyone's business.I'll leave you with this:Have no fear, because my team is here.

Stay dedicated and committed to your real estate investments, keeping your goals in mind and being open to learning and adjusting to market changes.Good luck!