It’s something to keep in mind as you plan your move.Feel free to reach out.

For example, I have a tenant portal where they can pay rent or submit maintenance requests.

I would not accept less than GROSS monthly income 3x rent because realistically they are not likely to keep up with paying rent.

The allowable rent increase is not typically the big issue with rent control, the bigger issue is getting rid of poor tenants that pay their rent.

And if your investor friend’s private loan helps fill in any gaps, it might be worth considering that short-term pain for long-term stability.What do you think you’d focus on first... paying off that line of credit as fast as possible or jumpstarting the renovation to boost cash flow right away? 

This can be costly for your property manager, and you may have to pay for their insurance policy, which can add unnecessary expenses to your budget.It strengthens your relationship with your property manager.Adding your property manager as an additional insured is a gesture of good faith that shows you are committed to protecting their interests.

The truth is, another investor is always just one phone call or email away from taking what could’ve been your deal.So, as you navigate the season of celebration, keep this in mind:- Be ready to act, even when it’s inconvenient.- Every hour counts, especially with motivated sellers.- Opportunities don’t wait—neither should you.The holidays are about giving, but they’re also about recognizing opportunities and making the most of them.

At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.

Just be mindful of the responses you get to your question.

In my devious mind, I thinking like you that I hire a parking attendant, install gates and charge an entrance fee if I bought it.