Hello, I have rented out a Single family home on Jan 1st 2024, tenant was brought in by an agent and setup lease as well.The tenant profile was not so great, but it was empty for more than 3 months and I reluctantly rented it out.Since then, tenant was paying rent, but on 5th of every month after couple of followups.Last month they pushed it to 15th asking they were hit by sickness, family emergencies and BS, I said its only one time pass and they paid it on 15th.Now August 1st is upcoming, they are requesting for a call setup to chat, not sure whats that abt, but I presume to buy time.BF and GF signed the lease, it appears things not working out well between them, only lady is  answering emails/chats/calls.

You might find investors who are already successful in the markets you’re interested in and can offer advice and support.Consider Multi-Unit Properties: Multi-family properties, particularly duplexes, can provide better cash flow and easier management.

This MIGHT put us back in budget - but I'm not convinced it doesn't also carry significant risk at this point.As a side note, because of how much cash any of these solutions appears like it will take us, we're wondering if there are personal lenders or hard money lenders that do these deals. 

If you think you can get a better return by taking the equity and buying something else (duplex, triplex etc..) that will be easier to manage and give better returns then sell. 

. $15k Fee Justification: I’m trying to understand what the $15k fee actually covers, especially since it appears that Martel and the assigned team also take a cut from every deal (contractors, project managers, lender kickbacks, etc.).

It appears your nightly rent will approach $300/night average.  

As long as payments have been made for over a year, an easier financing exit strategy still exists.

Box A is direct lender charges, box B are things the lender is making you get that you cannot shop for (for instance, the appraisal or credit report), and box C is closing costs that you can shop/control- Lenders can move things around between boxes A and B to change the way costs appear.

Had I gone to the city, I would have known that the house was built without a permit, and that to be able to renovate the house I would have to appear before the board of adjustment of the city.6) Most importantly, the current New Western business model does not afford new investors time to do their due diligence on a house.

Some brokers/lenders do this intentionally to give false appearances when trying to compete - "See, look how much lower my cash to close is compared to that guy."