@Crystal Smith @Mark Ainley @Jonathan Klemm Thanks for your additional insights.

It may be that the STR estimate tool is more accurate in this case, or it could be that the property manager's estimate is closer to the mark.

However, it had a similar effect on sellers, many of whom cannot stomach selling a home with an extremely low-rate mortgage just to buy another a 6-7% rate.According to the Wall Street Journal, “Almost 70% of households with mortgages have rates below 4%.”To drive it home, though, take a look at this chart of median single-family prices in Austin for 2022 (including December so far):The median single family home sold in November for around 20% less than the median home in May 2022, which appears likely to be the high water mark for some time to come.

I plan on Renting out all 4 units which will gross around the $6,000 mark.

The most comprehensive one is on the Straight Up Chicago Investor's Meetup website that @Mark Ainley hosts. 

If the seller backs out the contractor is entitled to an hourly rate for the work performed and must be reimbursed for all expenses that were incurred plus mark up.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

@Benjamin J Paoletti you should connect with @Mark Ainley.

-Mark

@Brittany KingIf you want to get to your goal faster (in general terms, not referring to your 4 year mark), then consider partnering up.