My advice probably isn't the one that will maximize your return, and it may not even be what I will follow as we continue to grow our portfolio, but here it is.My wife and I manage 5 units (4 we own, and 1 we arbitrage), and we allow anyone to give us 30 days notice to vacate at which point they can be let out without penalty.

Then 3 months of late payments consistently (the last 3 months).

I know cities like Baltimore scare a lot of investors but I've seen a lot of activity lately as if folks have finally decided it's time to act.

Quote from @Brandon Rush: Hey team,I'm looking into buying a property in ATL and using it as a Padsplit because I love the potential to make greater returns with their rent-by-the-room model.The big hesitation for me is that they screen and place tenants, but don't manage evictions. 

The LLC has to do the 1031 exchange because that is the tax return reporting the activity of the property. 

Jeremy,I have been looking at your site lately and do like how it is laid out to be able to see which rentals it is using as comps. 

I suspect that short term rental returns have declined due to oversupply and some short-term rental owners are switching their properties over to long-term rentals.

This may warrant a separate post but we found it strange that the initial service call to diagnose the microwave issues (~$90) was in late August, but they didn’t order the microwave until late September (~$670).

Just a side note.. houses in Cupertino that were built in the 50s and 60s many times had NO insulation they just put in two furnaces :) And as you noted they sold for 15 to 25k.. in those days I still remember late 60s when they were crawling up to the 50k mark..

The level of work involved will be significant with limited returns unless you are well experienced.