Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Your cost basis would be ALMOST zero if you ever sold.

It was the best solution but it did cost extra. 

But me, i will be penalized with the guests relocation costs, according to booking.

- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year... 

Look at all of the costs and then all of the revenue and make a decision based on that. 

When considering refinancing, also factor in the closing costs of the new mortgage to determine if it actually helps you.

If I were to do a traditional VA loan, the loan would be close to 7%.Below are what I understand to be the numbers so far:Seller purchased the property in DEC 2022 for $1.13M (owned for 2yrs)Current estimates are Zillow= $1.26M/  Redfin=$1.323MOur agreed purchase price is $1.25MSeller financing would be $120k @ 8% for 3yrs.No commission cost.Small percentage of fees/ costs in the tune of 1.5% of loan amount.Let me know what you think and if you need any additional info.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

So, he's claiming the home warranty won't cover... fine, what's the repair cost?