Profitable months cover non-profitable months, so budget and expect it.

@Nate LaBlancesome PMs would probably be willing to do one-time showings, screenings, and placement for a month's rent, and then turn management back over to you. 

At 7% you will have payments of about $4000 per month and at full occupancy rents of $6600 per month.

I would not recommend going more than one full month behind.

Each person would pay $600 a month or even consider padsplit.

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45%Lessons learned?

My experience has been there will be long lulls then towards the end of the month you will get flooded (at least in Philly) with requests.

If I have lump-sum free cash, should I just apply it to my mortgage to recast so that my monthly goes lower?

I have learned a lot over the last ~6 months about furnishing a property, managing/pricing a rental, understanding the ins and outs of Airbnb/Furnished Finder, and analyzing real estate investments generally.My business idea is to use that knowledge and start a company that does the following:-Furnishes properties for investors who want to turn their LTR into a MTR/STR, new homebuyers who want to house hack, or just any investor needing a rental furnished.

Hey Serena, we host a monthly meetup event on the first Wednesday of each month (skipping January due to the Holidays) at Lucid Winery on R St.Next meetup will be February 5th.