Purchase price: $180,000 Sale price: $209,900 Contributors: Peter Vekselman Partner Driven and Traci Stephens purchased this Watertown, SD property on 12/06/2024 for $180,000 and sold it the same day for $209,900.

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No one will ever thank their landlord for doing them a favor- at some point, they'll have to pay market rents and you'll be the evil slumlord when that day comes, no matter how nice you've been up until that point. 

We are actually thinking about moving into the smaller unit. we are thinking if we should rent the main unit for long term rental or STR like airbnb but im afraid with airbnb, the non occupied days we may miss out on cash if its not rented out. 

I think the HELOC is the way to go if you can - However after reading your post, if you are talking about a 6 figure pay day, how long would the property take to generate that 6 figures in cash flow?

Duplex appraised 380 (super ****ing low ball) brings in an estimated 3,900 a month in rents. buyer agreed and SIGNED addendum to purchase at 397,500. day of closing they dont show, tell us they didnt know what they agreed to pay over appraised value and are trying to get us to accept 386k. my agent had me lock in our month to month long term tenant to a year lease for THEIR lender and now they pull this.. they have only 5k in escrow account.. my agent wont reduce his commission from 3%-2% to help bridge the gap. suggestions?? 

At the end of the day, you won't be able to hide who you are even with this complex structure.

Quote from @Paula Simpkins: Five (5) days ago a home was posted for rent. 

Both Airbnb and VRBO provide a 90 day visibility boost.

These minor tweaks won’t cost you much, and I’ve seen them help properties in Phoenix and Chicago stand out, even when the paint is a tad faded.So what’s your take - do you think guests these days actually prefer a hint of authenticity over a picture-perfect exterior?