Maybe.What is the deferred maintenance?

Like any tool, you have to know how to use it correctly or you could get, "injured".We use it to quickly sift through multiple options - and that's about it.BP has a Rental Calculator that includeds everything you are asking about: mortgage P&I, property taqxes, home insurance and percentage for maintenance & vacancy.It also includes Cap-Ex percentage, but in our experience it's a waste of time to worry about this.

If you treat the renter (resident) well, provide a well-kept home that you service regularly, and stay on top of any maintenance issues, a resident will likely remain in the house for many years. 

This would be my first STR, so I don't have experience finding the right boots on the ground to support the rental (e.g. cleaning, maintenance, re-stocking, etc.)

Not worth the cost of the study since it did not accelerate the regular 27.5-year depreciation.By contrast, another investor's $12,000 study on a recently renovated $3.8M office building yielded first-year additional deductions worth over $120,000 in tax benefits - a clear home run.The quality of the engineering team matters tremendously.

Not worth the cost of the study since it did not accelerate the regular 27.5-year depreciation.By contrast, another investor's $12,000 study on a recently renovated $3.8M office building yielded first-year additional deductions worth over $120,000 in tax benefits - a clear home run.The quality of the engineering team matters tremendously.

Below are key items I've seen in teaming agreements:Ownership Interest: Define each party's ownership percentage based on contributions like the down payment and ongoing costs.Financing Details: Clarify who pays for what—mortgage, closing costs, renovations, etc.Expenses: Outline how regular costs (taxes, insurance, upkeep) will be split.Management and Maintenance: Decide who handles repairs and improvements, including decision-making processes, funding, and responsibilities for performing or managing the work.Single Decision Point: Avoid deadlocks by assigning one person as the final decision maker.Dispute Resolution: Agree on a method (e.g., mediation or arbitration) to resolve conflicts.Life Changes: Plan for marriage, divorce, incapacity, or death.Exit Strategy: Define how a party can sell their share, including buyout terms and a method for determining the sale price.Rental and Use: Define the rules for renting out the property.

Also, I believe they own this property out-right, no loans, etc.I'd like to structure a deal where they provide seller's financing with a 2-3 year off-load timeline that gives them a) some cash now via a down payment and b) some regular monthly income all while I work to bring rents to market value and we both benefit on the sale and refi.How would something like that work and what would it look like?

Additional Considerations: Costs & Market Changes•Ongoing Maintenance & Housekeeping: STRs require regular deep cleaning, restocking of supplies, and maintenance.

-Vacancy, maintenance and capital expenditures will need to be accounted for-Will you self manage or use professional mgmt ?