You don't know for sure exactly what their occupancy rates are but you can certainly get a feel for it by seeing what future dates are open.

Many of my customers who are traveling nurses buy condos or townhomes in Florida as vacation homes, then rent them out when they're not in town.This system has proven to be very lucrative, as it allows them to service the mortgage debt and generate a good cash flow.

Once that reserve fund is established, move all future cash flow to an investment account.

You need to look at return on equity, how much cash flow can be generated putting your equity to work vs the cash flow this property will produce.

Pro - I avoid any future repair expense.

One key takeaway for future projects is the value of hiring professional painters.

Hire an attorney and proceed with the eviction.In the future, I recommend you don't accept "landlord references" from friends or family members.

THIS WILL NOT need to be disclosed on any future applications (URLA or Uniform Residential Loan Application) as this is NOT your debt!

Now that’s he’s saved you $3,000 and told you how to avoid it happening in the future.

If not, you could focus on other selling points, like the acreage or future ADU potential, but a garage would probably make the property more competitive.