I know they are crazy guest friendly but this seems over the top.Guest didn't deny it....responded with "I payed the cleaning fee, why would I clean up?"

Because, if you are a “regular” person meaning don’t make 5M a year W2 / legit bussiness which shows on tax returns, you can’t qualify for 20M loanAlso it mean, that people who buy 20M condo, chances are they have 100M-200M cash sitting and not doing anything.Return of equity is 0, as it also the cash sitting in a bank.Debt is cheap now days: 4-5%, but if you have “unlimited cash”, then not need to pay 4-5%As far as max cash flow and minimum risk - it’s something a lot of members discussed already.And last but not least - let’s not go off topic.

The seller will lose some rent, potentially incur costs to evict, possibly costs to clean out the units depending on your sales agreement.

No PM is not collecting rent, as per PM they are charging me the regular monthly fees because they are following up with the lawsuit with the tenant.Thank you for your input.H

Old investors like me only invest in the subscription for pro; we don't buy courses or books (actually, I own probably 20 of their books) regularly.

Spending on expensive upgrades is not the answer to improve your tenant base in this type of area.Keep the homes habitable, clean, and safe. 

We have also found looking at actuals and Airdna numbers of the same property, that they're pretty well right on once we take cleaning fees out.    

I remember after the GFC reno planners wanted to attract more regular businesses and get away from gaming.Great thread, thanks 

Dachtera who introduced prepaying the loan with a series of $3000 lump sums every ten months in addition to the regular monthly payment of $632.41.  

Leases are signed electronically (esign.com), and I set them up with RentRedi for deposit, cleaning fee, and rent payments.