In reviewing the current inventory, both for sale and for rent, it appears that there is an excess of homes available in the area.

My thoughts are that the $1,000 cash flow will cover all of these in excess.

If I let them run loose it would probably be 5k-10k a year in unnecessary costs.Also the work does come in spurts so it isn't consistent.

Hi, my tenants just moved out and the property is a complete mess to the point where a full rehab may be needed. The security deposit is approximately 10% of total repairs so it won't cover most of the damages. What's...

These renewals are helping maintain occupancy levels, even as companies remain cautious, opting to renew in place rather than relocate.The pandemic has led to a reevaluation of office space needs, with many companies downsizing or offloading excess space.

You also loose out on any value add in exchange for “turnkey”.  

Rental 1 - Cash flow Breakeven - rate 3.875% - 20-25% equity (not looking to refi)Rental 2 - Looses about a few hundred a month - rate 9% looking to refinance soon to 6.9% but debating on waiting until rates drop further - 5-8% equityPrimary - currently at 7.25% waiting to refi to 5.5-6% - about 5-10% EquityMy current net worth breakdown is approximately...Real estate 39%Cash reserves 7.5%Brokerage 30%Retirement 17.5%Other 6%

yup I believe loans in excess of your basis the interest is not deductable.. and from what is posted sounds like that would for sure be the situation  .. so maybe if he chooses to take the loans he needs to only borrow his basis.. on each property.

The neighbor (also a lawyer if that makes a difference) likes to let them run loose in his (and my) front yard.

How they overcame it is either finish out the project and don't use them again or cut them loose and get a new contractor to finish the work!