However, this will typically only decrease the monthly premium by a bit. 

And lastly, I search FunishedFinder listings nearby, find comparable properties, and track the listed rent for a few months (does it increase, decrease?).

My 2-flats are 3-bedroom units (which are much in demand from "families" needing temporary furnished housing).  

When supply is decreased, prices rise because of the imbalance with demand.

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

It’ll save you headaches later if she tries to escalate things.Document Everything: Take pictures, write down the history of your interactions etcOffer a Transition Plan: Just like my client, I’d recomend offering her a temporary storage option nearby, or even a small rent discount, to show you’re not trying to kick her out - just keeping the property safe and up to code.

The results are:Delivered over 530 investment properties to more than 180 clients worldwide.Our repeat business rate is >90%, indicating the clients made money.Our average tenant stay is over five years.We've had 7 evictions out of a tenant population exceeding 1,000 over the last 17+ years.Our client’s rental income has been highly reliable: no vacancies and no decrease in rent during the 2008 financial crash.

I recognize my numbers did not include closing costs and as you pay down the equity, the LTV decreases (but you get the equity paydown), but this return is so high that even if it had a modest hit, it would still be a great return.https://www.neighborhoodscout.com/ca/san-diego/real-estateAdding in forced appreciation can create an infinite return via brrrr.  

If you are $1,000 per month underwater, you probably need interest rates to drop 2%+ to decrease your mortgage by $1,000 monthly.

It may be a good time to sell when the market is experiencing high demand, rents have stagnated or decreased, and your property has substantially increased in value compared to its initial purchase price.To decide if it’s the right time to sell, compare the increase in rental rates with the increase in property prices.