Peace of mind is important!

I agree that peace of mind is more important than pure cash on cash return

This may be where your initial disconnect was.Something else to keep in mind is your entity structure and how your entities file tax returns.

@Billy Knox Maybe my mind is wired a bit different but I got the sense you were looking for information based replies vs the avalanche of opinion and emotion based replies I am seeing here. - The first and largest reason in volume for utilizing an agent is the simple obvious which is most people can-not navigate the process.

With that in mind, I can effectively "refinance" now by paying 1 point and getting an additional .625% off my rate without paying an additional set of closing costs.

With that in mind, I would seek out experienced investors in your area to ask them.

Once you have all of these processes being handled by a PM, you can finally afford the one item all investors seek when managing a property that you simply cannot put a price on: peace of mind. I

Mindy

I think assumptions are easy to make due to this being all text, but my mind is absolutely not made up which is why I am posting. i raised the concerns with my sponsors around the high IRR and fees and other points you all made and she countered with the air bnb component being the reason.

With that in mind I would run the roommate through background check and credit score.