Short term, leaving financing in place during rehab prior to resale — great strategy with limited risk to either party. 

Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.

Enjoy $45 off with code JUMPSTART45

Cons - Risks as stated by others, can limit which renters are looking at your house. 

This was my first deal, and house hacking made the most sense because it lowered the threshold for risk in my mind.

Feel free to reach out directly if you'd like to dig deeper into the chaos I've immersed myself in over the last 10 years or so.Cheers and drive safe

Buckle up and enjoy the ride!

If they’re late a third time, you have a strong case for eviction for habitual non-payment—without risking the tenant showing up at the 11th hour with the money.For your specific circumstances, with only a partial month behind, I would guess there is a decent chance they can come even on rent and it would be a waste of your time.

Birmingham’s market is diverse, with various areas offering different levels of potential and risk, so getting boots on the ground can be one of the best investments you make in terms of time and money.I’d be happy to connect and share more about what I’ve learned from my experience managing properties in this market. 

A PMC cannot risk a ticket or lawsuit because an owner takes too long to approve an emergency.You do have the right to be frustrated that you weren't informed about the repair as it was being done.Suggest you discuss with your PMC and see what they say.