.: Have you confirmed he's still in the rental?

Most of my clients in the small-multifamily space invest in the Phoenix (Mid-town to Arcadia lite) areas.

I paid approx $100 mo for insurance on my STRs, both insured through State Farm.

🚨The Green at University City is transforming into a top-tier Entertainment District🎉 The development includes a 65,000 sq. ft.

🚨The Green at University City is transforming into a top-tier Entertainment District 🎉 The development includes a 65,000 sq. ft.

Hey Nicholas, thank you so much for the advice, I will give a check on that option. 

@Lawrence Mitchell,Welcome to the BP community. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I know the tax hit isn’t ideal, but I’m wondering if the long-term cash flow benefits outweigh the opportunity cost.

It sounds like you're in a solid position, and taking the time to stabilize before moving on to the next deal is a smart approach.