The list goes on.For mission-critical items, you want quality, not cheap.

There’s almost always a rate at which it just doesn’t make sense.

The "variables" you speak to could mean this is worth every cent of a 5.4% cap rate to "I wouldn't touch this for a 12 cap".  

Yea they would keep that in place and you'd get a second position mortgage for the rest at, well, higher than todays rates.

My suggestion is to find some real estate industry surveys (via CBRE or others) and look for the MF cap rates in various cities/states/regions.

With a low 4.75% rate but minimal cash flow ($50–$125/month), your equity could likely work harder elsewhere.

You can't negotiate directly with a real estate agent about hourly rates because that's up to their brokerage.

I’m having trouble determining the correct monthly rental rate for my property.

Quote from @Joy Daniels: I manage short-term rentals in the Sarasota area, and I'm always looking for innovative ways to boost occupancy rates year-round.From your experience, what marketing strategies have had the biggest impact on keeping your properties booked?

Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.