If the home pays for itself and you can afford it, keep it.

In Vegas, sewer must be in the owner’s name.

Hi Ashley, Congrats on the STR! 

Is this a good deal relative to the area?

Yes, just post the numbers.  

Ideally, you'd want to have signed leases from each tenant, but the strategy part of it is that you also wanna make sure that you don't run people away while you are either increasing rent or preparing any units that are currently vacant.I would probably take a step-by-step approach.

The residential lease market in Washington, DC, from January 2024 to January 2025 has experienced some changes:Units Listed: The number of units listed decreased by 78, a 15.92% decrease, from 490 to 412.Listed Median Price: The listed median price increased by $175, a 6.19% increase, from $2,825 to $3,000.Units Leased: The number of units leased decreased by 58, a 19.86% decrease, from 292 to 234.Sold Median Price: The sold median price increased by $100, a 3.51% increase, from $2,850 to $2,950.Summary: A decrease in units listed and leased indicates a reduction in supply and demand year over year.

Get 3 quotes for the whole project and compare them together.

Hey Mark, welcome to the Forums.Wishing you all the best on your journey.

What financial challenges have you faced in the process?