Do not be afraid to Collateralize yourself with additional deposits to fill a vacancy. 

Becoming an S-corp has some downsides including additional tax prep fees, payroll processing fees and lower social security income in retirement. 

After just one year, when that tenant vacated, FPM charged an additional $2,800 in turnover costs, with $770 earmarked just for touching up paint on a single wall—borderline comical.

Additionally, consider seasonal trends, as demand often peaks in summer.

Instead of losing 55k they will probably only end up losing $25,000 - $30,000Long term its not a great cash flow property but with some renovations and addition of a parking slab I think long term appreciation is the big goal here.

Additionally, with $50K in equity, consider leveraging it for future deals.

•This additional income can help offset costs and increase your total reported income for future pre-approvals.5.

Despite no additional renovations being necessary, our efficient strategy and swift turnaround led to a same-day sale at $225,000.

Hello,Im working with a lender to refinance into a Fanny Freddy mortgage now that I have stabilized my 36 unit complex.They have asked for a CAPEX schedule, and a T-6, in addition to the rent roll. 

In addition, we have a big umbrella policy.So, as I was getting an insurance quote for this 11th property, we were told, our personal umbrella policy will only cover up to 10 properties, and anything beyond that we will need to get a commercial umbrella policy.