If you have the money and don't care that you'll lose 900k in a decade from not investing that cash into the market instead.

Everyone finds the rooms too small or something that does not fit their family,etc.I am at the point of breaking even but in a month I will be losing money because of the Hard Money lender payments.

You'll have to remove everything before closing, sell them, or leave them and lose them.Primary Bedroom:I stage the primary bedroom with a real (cheapest I can buy) or a fake bed. 

@Daniel Sunday if you purchase your first property, out of state, without an experienced agent who knows the neighborhood, gentrification trends, and rents, you are going to lose 98 percent of the time.The more I review, the more I see the error.

BTW - It is a 100% FACT that if you only charge $500 for a "lease up" fee you will lose money. 

You will lose your collateral/land ($1 million). 

Let’s say you invest $250,000 into a new business, and that business loses money.

Not a great deal, but it makes money every month instead of losing money.

Despite challenges, we persevered, knowing that in this business, you win some and lose some.

Also realize that when you refi, you can lose your grandfathering on taxes - where the property taxes may be looked at again with a higher value of your property at the date you refi - it just depends on how the county handles those things.Then there is property management.