Here are some numbers: Current PITI: $3,970Estimated rent: $4500-$5000 (there are several homes within 4 blocks of mine that owners have turned into rentals and I've been able to compare online pics to our home, so I am confident this is a good estimate)Sq ft: 1790Estimated sale price today: 1150000-1250000Mortgage balance: 612,000I would self manage. 

It is not uncommon to have to park blocks away from your residence.  

Not only is it a bit of a pain for the m to log in each time, but because they have the username and password they can technically sign up for paid services like the NFL Ticket or use the Google account in questionable ways. 

It was a pain in the arse to run to Ikea and figure out how to piece together New Laminate wood flooring - $.089/square foot.$300Used 24” oven and apartment size fridge.$900Microwave, Sink, faucet, sink hardware $600Quartz Countertop (one 10 foot slab)$300Electrical Materials: wire, receptacles, lights, etc..$400Baseboard (had it left over from another job so $0, but would have cost around $100)New interior door, wood studs, drywall, mud  $300Paint $100Dump Fees $500Misc stuff I’m probably forgetting $500TOTAL COST $12,500Rehab cost per square foot = $25

With all the money they had made from the show they bought a few city blocks in the heart of the neglected downtown of Waco, applied their renovation magic to it, and quickly built a beautiful Magnolia campus in the heart of the city.

Not to mention flipping homes at this price point is a painful proposition.

I like to say it goes block by block.

For instance, you can't block off May through December on your calendar - it will stay open and show as available to guests, and you'll need to explain in your description that you won't be renting it then.  

Especially since later you're going to have the rooms full of furniture, and have to block off time with no bookings.I bought my STR with carpet in the 4 bedrooms and didn't have the budget then to replace them with hard flooring.

I own a similarly sized 4-plex on the same street two blocks away whose appraisal dropped from 1.674M to 1.434M (14.3%) for 2025.