Then I put about $45,000 in fixing it up and I expect the appraisal to come back within the next couple of days at $240,000 or higher. 

I’ve done a couple of fix-and-flip projects in the past, both of which were financed through hard money lenders.

This way if there’s physical damage by residents the company pays the first $500 to fix it.

Sharma, From my perspective I prefer to run my own fix and flips.

Are you looking to do fix/flip or BRRRR?

First tenant was on a fixed income as a retiree, so I was hesitant to increase the rent after the first lease period.

There are many strategies, BRRRR, subto, seller finance, fix and flip, live and flip, and land splitting are just a few off the top of my head.

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.

These agencies began calling me non-stop, demanding I fix the heater immediately and provide the tenant with hotel accommodations during the repair period—or else I’d be issued tickets and face daily fines.I won’t go into detail about how I feel, but anyone in my situation would feel like they just swallowed a bitter pill.