If you had no knowledge and they broke the lease I'd issue a notice of non renewal, but give them the option to remove the cats.

After 14 full years, you will receive your return of $380,000 back + your ROI of $41,315!

It is a older non rehab property but things are straight and roof, plumbing, electrical are all in good working order.

Or, depending on the property you could go non-QM with like a DSCR loan and close in an LLC or partnership.

I see a lot of amenities you recommended as amenities that increase the quality of stay which leads to a higher guest satisfaction but doesn't really affect my return.

is so what lender did you use that provide non recourse loan?

While the 4% mortgage is great, your 1M in dead equity isn't giving you a great return.

I specialize in investment properties, high-end homes, and commercial real estate, and I run Updegraff Group Realty, a full-service brokerage that helps investors not only find and fund deals but also manage construction, optimize returns, and scale their portfolios.Financing Your First Deal Without Using Your Own MoneyIt’s a common question, and the truth is—it’s very doable, but it requires strategy and relationships.

I just don't know how well it would work since I already have all the entities and would just need advice, consulting, cleanup, and filing returns, that's pretty much it!

In this order I would analyze the rate of return.