After a few candid conversations, they realized they could negotiate slightly higher rents by offering small improvments..things like better loading dock access or upgrading the security features..turning a so-so cash flow into something much healthier.When you break down your family friend’s situation, it might help to consider these angles:Selling and redeploying capitla could open up opportunities in markets where cash flow is a bit juicier.

Working with a CPA can help you navigate tax implications, and staying focused on long-term planning will set you up for success.

If the taxes are killing your cash flow, you'll need to either negotiate a lower purchase price to offset the tax burden or budget for some property improvements that could increase rental income and help balance things out.

Thank you for bringing up this topic and sharing your success, it helps reinforce my decision to not convert now.

Equity position How did you find this deal and how did you negotiate it?

The time for them to negotiate the price was when they got the appraisal done-they didn't, so too bad.Two choices-take the $5K and relist with a new realtor or negotiate with them for the $24K they are short. 

Hey @Ryan Cousins, yes I have success helping my clients purchase properties in those areas.

Wishing you success and happy holidays—Mahalo!

How did you find this deal and how did you negotiate it?

It will be a short term Airbnb rental.Have had success with two other Airbnb properties that I currently arbitrage in the local Pittsburgh area.Purchased the home far below market value with a probate sale.