We had a back to back booking that day so the cleaner was there at exactly check out time to ensure they could turn the place in the 4 hour gap we have. 

Another note on construction cost, going vertical is very expensive now and would require have a great connect with a developer and a builder in the area.See what rents are in the area and run the numbers to ensure the rents will cover your costs and give you a solid return—using the 1% rule can help.

We have a dedicated team whose purpose is to ensure that our passive investors never feel disconnected from their properties.

I can have multiple one use code for contractors so I can control access without physically going there.You do not need to carry the key, just need to keep track all codesMain disadvantage is that the locking requires the door to close properly, otherwise the tenant may not know the door is not licked.

It's a good idea to consult with a real estate attorney to ensure everything is legally binding and clear to avoid future disputes.

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.

Additionally, those forced to relocate due to the fires should update their address with the IRS to ensure they continue to receive relevant communications.

Have to ensure that with taxes and insurance added you can meet the DSCR ratio needed but you should be able to refinance out of this one.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

You also want to ensure that your conversion rate is good.