Quote from @Pankaj Malik: I’m just really surprised that the tenant is not taking the option to break the lease break with a $ number offered (1 month rent plus reasonable amount for parts of house he wasn’t able to use) that is within a couple thousand dollars of what he wanted anyway. 

You'll still need enough income and DTI ratio to buy another property in a couple years even with this rental income.

I bought some properties a couple years back in a particular area that I assumed the prices to get them repaired were similar in relation to the prices I was buying them for.

Some funds offer preferred equity and common equity in the capital stack.

I'd be more than happy to provide you with a couple recommendations if you need?

Also, don't people tend to prefer Airbnb over hotels?

If I own a property with a 1k mortgage per month and it stays empty (or I'm trying to evict) for a couple of months then I'll be ok.

@Christopher Johnson A couple of things that you should know: 1) We do not remove posts as a matter of course.

There are so many fewer properties of that size.A couple of investors who have been tremendously successful with SFH and small multi - Chad Carson, Michael Zuber.

It simplifies the process since Zillow handles credit, income, and background checks for a small fee paid by the applicant.Background Check Services: If you prefer not to use Zillow, consider using services like MySmartMove or RentSpree.