The simplest way to underwrite a deal here is that peak busy season - July 1 to August 20th-ish - gross revenue needs to cover your PITI for the year.

Okay coming back to my subject of the post, “Murthy’s law prevailed”.

If they are deemed responsible have them pay now out of pocket, or worst case you cover it and come up with a written payment plan for it (but ask an attorney about that for sure).Too many people use their deposit as last month's rent at move-out even when they're not supposed to, and now you have past damages (this incident) and any potential move-out damages or costs that have not been covered. 

I received a quote for $3492 annual policy for RCV of $270,000 which also includes liability up to $2,000,000 (see list of liability covered).

I am covering utilities for the 1st floor and garden unit (for a 3-unit MFH rental)Any recommendations for a programmable thermostat where I can lock appropriate temperature ranges?

Welcome to the community.Using rental income to cover your mortgage is a great plan.Good luck!

Hello Everyone,I bought a home back in January 2024 using my FHA loan and I received a call from Atlantic Capital Funding saying that I could FHA streamline (interest reduction) from my 6.625% to 5.7% and could even get two mortgage payments covered, (allegedly).

Is that per TV or cover the whole house.I have upscale vacation rentals so I'm personally not cheating out by not providing cable channels.I even put this in my ads. " If other properties aren't even providing cable channels, what other corners are they cutting?

With your current 2.875% interest rate and tenants covering expenses, you're in a solid spot.

Insurance shouldn't be bad as this is a condo, so a lot of potential risk is covered by the HOA insurance.