In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

Should I continue to pursue the original house deal by deducting their estimated repairs?

SwissPMG can assist you in your property search, underwrite, acquisition, rehab and property management here in Columbus, OH.

However, we will likely need a property manager to assist with some facets of running this rental (since we would not live locally) and would primarily market it through platforms such as Airbnb and VRBO to start, (eventually setting up a direct booking process).Here's our question for those who have experience in STR's or who might be involved in a similar scenario: How challenging is it to meet the material participation hours needed to achieve active status?

They didn’t explain to me upfront that they wouldn’t take that into consideration, that every deal had to be ran through, what they thought was a fair market repair cost.

They can say you failed to make a repair and wish to withhold ent to get previous rent returned. . 

After repair value: 7.

I am a local realtor in the Boone, Blowing Rock, Banner Elk area and would love to help out if you need any assistance.

He's efficient and personable and is very able to assist you with questions if needed.Hope to discuss this with you further,

I have some upcoming repairs needed that outweigh the Homestead Exemption and plan to make my primary home a long term rental in the next 7 years but the repairs can’t wait.