I'm interested in adding more AFH properties to my portfolio.

I allow pets and charge a pet rent of $35 a month, its nice bit of extra money and pet owners tend to stay longer as tenants.

While many in the real estate community would frown on locking more equity into a deal then required for me it gave me extra breathing room if the market flipped and my cashflow on this property was $920 per month. 

For some extra context, their lease expires in about 5 months, so this landlord transition happened midway through their leases. 

Just added this to my lease - thanks guys!

I can do this full time, adding 200k every year for down payments, so I can qualify as a real estate professional to be able to do a cost segregation and accelerated deduction.

You're adding days to your rehab because your contractors are waiting on materials.So, how do you fix this?

Is it worth the extra work?

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Self-managing from out of state has been doable, but the challenges have added up, and I’ve realized I’ve missed things that could have been avoided with closer oversight.If you’re just starting and don’t already have a strong local network, I’d advise against self-management from out of state.