You need somebody dedicated to managing the property in your absence that already knows, and keeps up with the ever changing landscape of landlord-tenant laws. 

What most fail to do (which you haven't), is underwrite all the other expenses like property management, landscaping, repairs and maintenance, capital expenditures, etc.

If you look at the crime statistics though it is not pretty.

@Colton Kotylo, with the new NAR settlement and the ever-changing landscape of buyer/seller representation, particularly commission fee payout, this should have been crystal clear between you and your agent before she toured homes with you.

The landscape of real estate education is vast, and while I've garnered immense knowledge from many, none have resonated with me quite as profoundly as Subto.Whether you're at the dawn of your investment journey or, like me, have weathered the trials and tribulations of the market for years, Subto has a treasure trove of insights to offer.

Whether you're buying or selling, August 2024 presents a landscape filled with potential.

Closed sales climbed by 1.7% compared to August 2023, showing solid demand despite a competitive landscape.

Is the front lawn expertly landscaped?

If the seller is still on the property after you close (you negotiated delayed possession), I wouldn't be opposed to doing exterior work (roof, landscaping, concrete, etc.), but I wouldn't do any interior work.

With carrying costs, repairs, and previous unknowns, I am now looking at approximately $65k as we are doing nearly everything ourselves (I own heavy equipment and previously had a contracting/landscaping business).