First of all, my personal credit was a very good at 735 midscore. 100% financed tidied it up just a little bit more with  just cleaning up a couple of things on my credit.

The property was being lived in....of course it could use a refresh which we also agreed to do a deep clean for you....fact of the matter is is that you chose to walk away from our agreement prematurely and ended up having to go about it on your own.

Huge counterparty risk, I am just working through a scenario where a correspondent HML in the midwest got defrauded from bad diligence and their funding partner is having to clean things up.

We had to pay a biohazard company over $9k for a thorough clean up.

It is entirely possible to self-manage with a strong cleaning team.

Failure to clean up pet droppings willresult in a service call (Pooper Scooper) billed to the tenant.

STRs also avoid automatic classification as passive if rented for seven days or fewer per tenant.To maximize tax benefits, maintain detailed logs of all hours worked on activities like tenant communication, cleaning, maintenance, and marketing.

I updated the electrical, painted everything, and “cleaned the property up nicely” exterior and interior.

We agreed but only after they covered cleaning costs and left the property in move-in-ready condition.

Take a look at Personal Property versus Real property coverage, plus clean up costs to make sure your covered.I would also look at covering your project from the Subcontractors.