My recommendations would be to re-evaluate the price point and make sure it matches other properties nearby.

Investing in Albuquerque Real Estate Meetup | MeetupApartment Investor Breakfast | MeetupGet around other investors is the best way to make progress!

This means spending 3 - 4 weeks just analyzing, studying and evaluating the market of interest rather than jumping into a sales job day one.2.

Evaluate your investment objectives and preferences.If you want to make money, keeping the property and renting it out can bring in steady income.

There will be some giant surprises to many there when you have to start paying engineers for frequent evaluations and making the structural repairs required.   

In IRS Chief Counsel Memorandum 202151005 (Dec. 23, 2021), the IRS evaluated two “general” fact patterns for short-term rental arrangements.

We hope he keeps this thread updated as we progress to further assist him on these properties to understand what the best options are and how we can be of assistance.This is certainly good feedback for our team as we are always looking for ways to improve and we appreciate all the input.

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.Now we syndicate larger self-storage deals and work with passive investors.

In any case, investing ahead of a path of progress is one of the tried and true recipe for investing in real estate profitably.

Make sure you have a solid team around you, and you feel comfortable evaluating potential deals.