They take 40% as a management fee and charge $30/cleaning.

The wear and tear on hardwood floor - carpets has no recourse beyond the deposit damage if there is pee or replacement costs needed.

I live in Phx,az and recently friend of mine sold his bank (ex bank of america) literally as is and profiteed $300k  , he purchased it right out cash last year (I think) and it was in real bad shape in a shady part of town,  before him taking possession of the bank  homeless people where living inside it an using the bathroom anywhere in the building, he put maybe less than $5k in just cleaning it up and just a couple of days sold it.Basically the idea is to find super cheap homes in ****** conditions but the price is so cheap that you could still make profit by selling as is, investing as little as possible..

As far as I know neither of these are a necessarily deal breakers but just means we need to have really good logs to back this up in case of an audit.4) I have a management company handling the scheduling of guests, cleanings after guest leaves, and check-in/check-out duties.

Quote from @Chris Seveney: @Jamie ParkerYou really need to do a more thorough job on the comps and see why did one sell for $150-$190, that’s a huge spread1. 150k, hit the market @235k in  9/2023 sold 2/24 . 3/1 New carpet, Tile bathroom.

I handle early terminations basically the same way.It also gives the tenant an incentive to leave the property clean and move in ready

For example, if mold was found in the master bathroom ceiling in an occupied home a protocol in that scenario may call for a pack out of the entire master bathroom and bedroom everything within those two rooms would need to be cleaned off-site and then brought back.

Carpet, flooring, paint, fixtures, landscaping.

Hows the overall condition of the property > If the appraisal is marked subject to it won't be able to go conventional or DSCR It needs flooring (bad carpet) painting and there is a hole in the side of a fiberglass tub.

He found out the carpet smelled so badly with the dog pee and wood floor was also damaged by the dogs after they moved out.