It was the crap appraisal value that made everything fall apart. 

You could raise your rates by $1 a night if you don't want it to impact your cashflow.As for linens not on beds: imagine a family packing for a vacation and cramming everything in a car, dealing with screaming kids on the trip, dealing with nightmare traffic and finally getting to the place and unpack all the crap. 

You need to do an inspection to itemize his security deposit, and the less crap there the easier to see the true condition. 

So long as you are a Trustee/Beneficiary of that Trust, you are still on title, so if they try to give you crap about it, it is very easy to prove that.A better way would be to get a non-recourse loan, then QCD to the trust, but the pricing for non-recourse has yet to recover from what I've seen in the lending market so far.I don't have any experience or insight into a JRT... or what the advantage would be over an entity when doing JV...Cheers!

Even a lot of the "attorney-drafted" ones I see are crap. 

I would hire a pro and return to original condition on rental and bill the deposit. 99% of tenants will do the bare minimum and it will be crap.

Personally not a fan of out of state BRRRR.I think it's a recipe for disaster and having been in the game for 10+ years, I've seen the disaster first hand as I bought hundreds of deals from disgruntled out of state investors who thought they can do it themselves.My property management company has doubled in 12 months also due to out of state investors getting caught with a poor property manager when trying to do it themselves from afar so they come to us for help 🤷‍♂️I'm seeing many investors buying D class crap on the MLS for too much and that needs work.They end up being into the property for 30% more than they would be that if they just bought turnkey.A true turnkey provider will find the cheapest/best deals through a variety of acquisition methods, renovate well and sell for fair market value (And manage in-house).If things go South, they are solely to blame and the penny drops with them.But with DIY, who is to blame?

You'll have that, "Holy crap, this is expensive; this better freaking work" feeling for a while. 

This is the biggest load of crap so-called "SEO experts" will tell you.

Actually, tomorrow night (August 8th, 2024 @ 8PM EST) we're hosting our new launch event with brand new onboarding videos, tutorials, email help, and a bunch of new features with giveaways.