Were there any "intangible" value created through this build that wouldn't be reflected in the numbers? 

Ask around here on BP and passive pockets for opinionsYes they put ads on Facebook because it can work - we see ads for very high returns on Facebook and people fall in love with the number - please note you are not the first or last to go through this.

If you sell a property while it’s under REI management, you still owe them the 10% management fee through the remainder of the lease.The Nightmare Tenant Story (a.k.a.

Heightened regulation is going to be a nationwide trend over the next few years.  

It has had higher appreciation than nearby towns since the pandemic and you should be cash flow neutral or slightly positive day one as a long-term rental with a 20% downpayment.Note that zillow and other websites greatly understate your property taxes. 

You should require the new person to apply, pass your screening, and sign the lease.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Please cancel the Pro membership 

They are the largest SBA 504 lender in the country. 

Once you have ran through about 3 months or so of this and penciled out 50-100 deals for fun, I would talk to a local agent and start the process of looking.