He demands the rent increase to $3,200 but you refuse to pay it.

I’m still new to BiggerPockets and looking to connect with like-minded investors.

@Nate Jenks one thing to keep in mind here that it would be pretty hard to take any equity out of this property after a year. 

I'd share that if I did, I'd be prepared to pay them to vacate.

With a loan of say 350k, and paying property management, it should still provide net profit of about 4k to 7k a year in year 2.

Aren't the guests paying for the cleaning fees?  

But here’s something to keep in mind: when you sell a property, you usually have to deal with depreciation recapture, which is another type of tax.

I'll keep you in mind for the work mentioned on your site.

And then, whatever the seller was planning to spend, I'd have them pay that amount to me as an cash allowance at closing.

Furnished Finder does make it tricky since you need separate profiles for each room, but platforms like Apartments.com or Airbnb might work better if you're aiming for full-house rentals or structured by-the-room arrangements.If you decide to rent to multiple individuals:Tenant Screening: Screen each tenant thoroughly to ensure they’re reliable and responsible.Clear Communication: Introduce potential tenants to one another Detailed Agreements: Use separate leases for each tenant and specify shared vs. private spaces, utilities, and maintenance responsibilities.House Rules: Create clear, written house rules to prevent misunderstandings.Inventory Tracking: Document everything in the home (furniture, appliances, etc.) to avoid disputes about damage or missing items.Also, market your property with its flexibility in mind—like proximity to hospitals for traveling nurses or universities for graduate students.