Here's the bigger lesson I learned: If a tenant asks for special considerations, or reduction of fees - those are ALWAYS the ones who are the problem tenants.  

And I also realized that we would have to re-tool our operations, which are 100% specialized to the type of property we have.So you don't have to go bigger, unless you want to.

Brent Mendanhall, director of special operations....wtf does that even mean?

Some special assessments are already board-approved for 2025 and 2026 to help raise capital for such items, however I know when the time comes there will be a loan which likely demands a higher monthly payment for owners -- reducing my cashflow. - Based on sale of other units in the complex, I believe my current equity to be roughly $160,000, a little more than 50% equity. - The condo is currently leased through April 30, 2025. - August 2025 will be 3 years since I moved out.

So consult a tax experts who specializes in real estate on how you can account for the 70k in the most advantageous way. 

I am a general contractor that specializes in kitchen remodels and high end custom cabinetry, but I'd like to use this project to pivot into more general contracting and property development. 

So keep that in mind when using a special lock system. 

Best advice is to partner with someone who specializes in investment properties in the Austin area.

Hey @Jake AndronicoI know you specialize in Reno but since it’s close I thought I’d ask. 

There's something special about being offered small local items.