Is it labor or parts cost? 

Quote from @Joe S.: When you say cut losses, do you mean give the property to the underlining lender or are you talking about selling as is?

For some context Joe, your first sentence there about what you want to accomplish reads like an elementary student wishing to be the NBA MVP one day.167 doors in 5 years, starting with 50k?

Sure there are people who have done it but like Joe mentioned above is why your rate on HELOC is probably higher than your first mortgage so you'd only do it if your balance is really low and near the end of your term anyway so you're just getting it paid off quicker (like the last 1-3 years of payments left) becaues you want to get ride of the monthly payment and improve your cashflow now versus later.

It could be hiring day laborers rather than a landscaper to do some of the exterior work to save money.

Yes, I feel that directly owned single-family rentals are really a business and not a passive investment.There are a lot of things that can be done to automate it like taking rent over the Internet, using Zillow and other apps to bring in new potential renters, etcBut others require manual labor.

- It's after Labor Day when all kids are back in school and as a result, the market has slowed. - It'll slow even more after Halloween.- It may be cheaper to see if you can negotiate a reasonable extension fee with your HM lender and continue to try to sell.DM us if you'd like to chat more...

Thank god @Joe Davis!! 

Hello to all.My name Is Joe Lyman.

Quote from @Joe DeSimpliciis: Hello All,I've been thinking about investing in a short term rental.