It takes way longer than I anticipated.

Currently 12% of dwelling are STRs and they want to cap it at 9%, so no new permits will be issued until about 25% of all units drop off the market (who knows who long this will be- but I anticipate it would be a very long time).

(This area, like many others, has seen exceptional increases in home values since the start of the pandemic)Anticipated or actual appraisal issues: UnknownCurrent rents per month: N/AFair market rents per month: N/ADown payment or equity: We purchased the home with $80k down and $60k in owner financing (Approx. $54k balance on the owner financing portion).

We purchased the property, renovated it, and were able to rent it out for more than we anticipated.

The anticipated construction period will be 1 year and then I expect to lease up and exit within a year after that.

Still couldn't anticipate all the problems.

As it is fully rented and I don’t anticipate tenant turnover, I am leaning towards not hiring a property management firm to manage the duplex, screen tenants etc .

The story usually follows, "The PM they recommended wanted to lower the rent immediately and still took longer than I anticipated to find a tenant..."

I have anticipated that the house may be destroyed inside.

What does the housing capacity look like in the area currently vs. the anticipated new jobs brought to the area?