Quote from @Patrick M Nichols: Cogo is a total scam... lots of fees on the front end.

They’re asset-based, meaning the loan is secured by the property itself, and they often have quicker approval times but higher interest rates (think 10–15%) and fees.

Not likely.Maybe some of the tenant acquired their own washers and are using them for cleaning but your dryer for drying.Get a security camera and mount it in the area and post signs saying the same.

**************************************************************************Insurance premiums of American homeowners rose last year, with rates increasing by more than 20 percent in six states, according to a recent report from S&P Global.In 2024, insurers raised rates by 10.4 percent as of Dec. 27, which followed a 12.7 percent hike in the previous year, according to the Jan. 21 report from the company.In total, 33 states saw premiums climb by double digits last year, with the largest spike seen in Nebraska at 22.7 percent.

Which one is more appealing - continuing to own the house or the security of that much cash/liquidity?

I just secured a deal in Solterra which seems to have everything in order regarding rules.

totally renovating What was the outcome?

Please try not to confuse two totally different aspects of investing when giving advice.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I guarantee you are more likely to secure favorable terms if the seller likes you and can imagine you as a great operator for the business.