I just renewed his lease for 12 more months and $50.00 increase.

Buyers are taking advantage of opportunities, with the median sale price increasing by 3.2%, now sitting at $640,000.But cash deals are down—just 21.6% of homes were paid for in cash, a 22.8% decrease from last year.

What is the prevailing cap rate in the market for this asset class and make sure that the reversion/exit cap rate is half a percent at least increase bc you're assuming that you're selling it in a junker market.Loan Terms & Exit Strategy:Verify the loan terms (e.g., 3+1+1 extension structure).Confirm if the deal involves bridge loans or fixed-rate, long-term agency financing.Assess if the extension options are realistic based on the current and projected market conditions.

That experience, though frustrating, will only make you a stronger negotiator in future deals.Cosmetic updates were a good move to increase appeal without overspending, especially in a prime rental market.

This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.

Potential to increase rents over the long-term? 

The shorter the prepayment term has an impact on increasing the rate.4.

Also getting those top of market rents usually requires a relatively recently renovated property with a new tenant in place and having a PM who will make sure to put in the allowable requests for rent increases in a timely manner.

This is a key step if you move forward with a land contract.Closing ConsiderationsAvoiding a Formal Closing: Skipping a formal closing saves on costs but increases the risk.

This move addresses the growing power needs of data centers, which are increasingly relying on alternative energy sources to reduce carbon emissions.