Just make sure to run the numbers with the HELOC payment and the rent, so that you are not underwater every month.

You could form a month to month lease with a just a days notice to vacate so you could end it as soon as you get your license ready to close, the seller might be open to it.https://www.hostaway.com/blog/rental-arbitrage-joshua-tree/Or, you could continue to list on the seller's Airbnb and you could become a full-access co-host on their account - handle all communication, pricing, etc.

What I am getting at is, that tenants are often late, and you will have to become accustomed to working with tenants.

Does it come fully furnished and ready to go or do you need to outfit the place?

If you have to lose a few hundred a month on a long term tenant, it might be better than selling it.

Months later, Tenant then accuses me of “threatening” her because of the keys situation.

Purchase price: $417,500 Cash invested: $37,575 We weren't super happy with anything we were seeing on the market, so my husband and I had just started writing letters and looking off-market... until we saw this property.It'd been sitting on the market for months, originally listed around $550,000.

I really want to do local meetups and interact with more advanced investors but don’t know where to start.

Pay to separately meter the utility.

I threw it into the cash flow calculator and it said it would either even out or it willl have a monthly cash flow of around 300$.