If something goes wrong out of state you cannot see things on the ground, have zero knowledge of the area, and are utterly dependent on people who get paid by commission to give you honest, disinterested, descriptions (up front as to what you are buying) and advice. 

Here is some background on the property: Description: 2,100sf(this includes finished basement), 1/4 acre lot, 4 bedroom, 2 bath, garage Info: I bought the house in 2020, the week that the world shut down due to covid and have a rate of 2.99%.

Travelers want to see a complete description of a property through imagery, so we recommend uploading at least 25 high quality photos to your property listing.

Based on your description of the situation, you're not going to cashflow while you live there, but the question you should really ask is, will it cashflow after you move out? 

And by your description the house is pretty gross , and finding someone to clean it out will probably cost more than you would give him . 

Everybody is judging your home by the first 2-3 pictures you use and the first few lines of the description and the title of your listing.

A lot of short term rentals meeting that description have recently moved to long term furnished rentals due to lack of bookings.

Hey I just wanted to say Leo this was an amazing description you gave.

I saw a listing for a 15-unit apartment building that is for sale and the property has a 5.3 cap rate, this isn't the issue.The issue is in the listing description the agent said the building could have rent growth potential based on the rising rent prices in the area which she said would bring the property to a 6.6 capNow my question is why would I buy a property for 2.5 million when with this new expected cap rate the property would tank to just under 2 millionNOI is roughly 132,000 and most units are in pretty good shapeAnother note is the average cap rate in the area the property is located in is a 6.4 cap

We spoke to real estate agent about it briefly and decided that we did not want to take on the responsibility of the designs given the uncertainty with the current septic/property.Jan 21 2024 -Adjustment in the description that the new Septic system was already being designed.