I would consider hiring a property manager, at minimum to advertise, screen and lease, unless you have prior experience.One advantage you have is that prices may soften going into the holiday season.

It softens the blow of the rent increase when they know that they are still getting a good deal.

. - confirm all mechanical/utilities are owned free and clear (make sure there are no rented mechanicals/utilities, for example water softeners/purifiers). - Confirm the health of the T12 with your accounted!

The boom in rents may finally be over - Business Insider
https://apple.news/AXD67uSxWSyKjZ742Jq2Hlw

Interested in thoughts/comments from experienced syndicators. I am wanting to get in as a passive investor but very...

I love tankless, but my only experience has been w/ single unit models where tenant pays gas.However, I can confidently say if you are changing the water heater and pay gas, buy (not lease) a softener to put before it.

Or have a dry river bed, with pebbles, run through the yard or do some plantings that soften the lines.

This home is in an association, so I don't have to cover roof/siding/exterior in any way, but water softener, furnace, appliances etc. are obviously all on me to maintain.

Obviously, lenders like to see as much padding as possible because it means your more likely to be able to handle vacancies, a softening rental market, or any other unexpected scenarios.How are you planning on financing the deal?

Fortunately we did find a lovely couple to rent it who seem solid, but if/when the housing market softens, it could be significantly more challenging.

I had to install a anti siphon/back wash valve on the utility sink and we removed the water softener as it was not plumbed "correctly" - could not lock the bypass.