As far as how you move forward from this, if you are confident in the area and acquiring a new tenant that will treat the property better, you can view this incident as a sunk cost and move on that way.

Results:72% of respondents strongly disagreed or disagreed with this statement.Only 28% agreed or strongly agreed that they can confidently track their ROI.2.

Some have sober homes for men or a place for youths who have aged out of foster care.

Definitely talk to a 1031 specialist like @Dave Foster to get the mechanics of the 1031 process.Sounds like you want to keep your one rental and get rid of the mountain houses.

And with more renovations, you will start to get better at ball parking things, but even then you will always uncover items, so make sure you are baking in enough profit, even after conservative renovation budgets to feel confident you won't lose money.

It helps me to feel more confident in allowing the termination and waiving the fee.

That knowledge gave me the confidence to take on short-term rentals as part of my investment strategy moving forward.The First DealIn May 2024, while my girlfriend and I were traveling, she found a multi-family property in a city near us.

How do you confidently project rents when evaluating deals in these types of markets?

I think it’s a fair approach, so I feel pretty confident about including it.Thanks again for your insights, Abel, and all the best to you!

A skilled property manager can ensure a positive tenant experience by responding promptly to maintenance requests, addressing concerns, and fostering good relationships.