This way they don't lapse out and close.Next thing is don't have anything go to collections. 

The goal is to start getting your land-lording processes into place--how will you advertise, how will you screen, how will you collect rent, how will you deal with maintenance, who are you going to use as a lender, what is your process for bookkeeping and taxes.   

Its super easy to setup and use, but it still comes packed full of great features and automation to prepare for tax season, but also for rent collection, transaction management, and so much more.

@Michael Anderson If the property had been sold, it would make sense to formally assign the lease and deposit to the new owner and memorialize an agreement to collect and adjust rents after settlement, indemnify the other party for things arising during their respective ownership periods, etc. 

My monthly fees are as follows (handyman inspection $125, Cleaning $270 a turn (I collect this from guest), TAT&GET (collected from guest) Property Taxes, Insurance (I highly recommend you price this out, with hazard I pay $1,200 a year), internet/cable $100, Electricity $300 a month, AOAO dues $900 (association fees are increasing minimum 5% a year).  

It's more about steady content and natural growth once you nail the basics like keyword integration and technical optimizations.

Revenue (USD)1,5046429991,2451,6872,3843,6346,059Revenue 2021:MarketBedroomStudio1 Bedroom2 Bedroom3 Bedroom4 Bedroom5+ BedroomLowest monthly revenue4781551262994855678381,220Highest monthly revenue3,7021,7822,4023,2614,2265,9607,58113,008Top listings by revenue (2021) by typeBedroom (USD):26,267 - www.airbnb.com/rooms/4194669920,739 - www.airbnb.com/rooms/41933482Studio (USD):15,938 - www.airbnb.com/rooms/877259715,513 - www.airbnb.com/rooms/4372084215,505 - www.airbnb.com/rooms/437125351 Bedroom (USD)46,729 - www.airbnb.com/rooms/4371253541,631 - www.airbnb.com/rooms/4473623034,878 - www.airbnb.com/rooms/437125352 Bedroom (USD)46,764 - www.airbnb.com/rooms/4474057646,753 - www.airbnb.com/rooms/2794866646,568 - www.airbnb.com/rooms/352304833 Bedroom (USD)65,067 - www.airbnb.com/rooms/3016841862,927 - www.airbnb.com/rooms/3092969360,572 - www.airbnb.com/rooms/79445974 Bedroom (USD)95,798 - www.airbnb.com/rooms/461402578,379 - www.airbnb.com/rooms/2168099972,150 - www.airbnb.com/rooms/23319248+ 5 Bedroom (USD)71,752 - www.airbnb.com/rooms/3585985153,277 - www.airbnb.com/rooms/541379926,563 - www.airbnb.com/rooms/5281704Other market info- Average selling price m2: 2.680 EUR- Average transaction value: 155K EUR- Average rent (long term) per m2: 4.9 EUR/m2The numbers were collected from a pricing software that we use to manage the pricing of apart-hotel units we operate.With this information I was able to calculate the maximum I would be able to pay for property (including works, buying costs, etc), to have an edge for a positive cash on cash return.

Much of this is loan underwriting and it can identify a quality note.Today, you should turn over any note you buy to a mortgage servicer, for about $300 +/- a year you'll avoid tons of regulatory issues, tax filings, notices required and collections with a performing note.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Accurate withholding is essential to avoid penalties while optimizing these strategies.This post does not create a CPA-Client relationship.