Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

We have a great event at A and N Mortgage tonight and also tomorrow night that will cover a lot of these topics, you should go to it!

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.

However, before you switch agents, I recommend you gather up a bit more information.You should request recent comparable sales data that will help determine whether the problem is a "slow market" or an incompetent and ineffective agent.Has anything sold near the subject property in the last 190 days?

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!

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?