Originally posted by @Michele Davidson:@Alex YeaterWe are selling our bed and breakfast business complete and turn key with wedding items.

Yes, but that's our whole business model, so it's not terribly surprising to us. :)You're in the right forum to learn about MTRs.

they look like they'll cash flow a few hundred dollars a month but then you have a rough tenant turnover, or a big capex item come up, and boom - your cash flow is gone for 5 or 10 years.here are two really good threads to read.Overleveraging, net worth, cash flow and headache factorBaltimore - a path to never-ending painhappy to help further.

You having a brokerage model of influencing price is SUICIDE.   

A 1031 also adds complexity and timing pressure.Watch Out For:Opportunity Cost: Renovations tie up cash that could go toward other investments or reserves.MTR/STR Management: These models require more time and effort than LTR, even without a property manager.Market Risks: WA properties may appreciate slower than expected, and higher costs could reduce your margins.If cash flow is your priority, option 1 (renovate and STR/MTR) likely offers the highest upside.

I don't think you need to take a picture of each wall, but of each room and each noteworthy item that was damaged is really helpful. 

It’s always smart to do your homework and make sure the provider’s model aligns with what you’re looking for.As for fees, management companies typically charge 8-10% of the monthly rent.

Quote from @Jake Baker: I recently purchased a property in Jacksonville, FL, and plan to execute a BRRRR strategy with a coliving model (renting by the room).

If you can hold on till first part of January the showings and everything else should pickup.This would be my action items: 1. hire a new agent that can sell the place, and get you numbers are rent and selling and sell the place. 2. be honest on the numbers you can get on an ARV so that you can sell it 3. start to get the conversation started with a couple lenders on what these numbers on refi would look like for you and this property 4. my suggestion would be to refi/rent before selling at a loss because if numbers work you can hold for a couple years then sell, but this is dependent on your cash position and liquidity of your situation. 

Same model house are selling for 10% more than what I bought for.