Selling it now vs renting, will give your dad more money and he won't have to worry about renters or cap gains. 

As you gain more experience in market you will be able to get higher leverage 85% LTC, 90% LTC, 93% LTC, etc

Over time, as you gain more experience and capital, you can consider expanding into multifamily properties once you've built up a solid foundation in real estate investing. 

Pay attention to the duration.DM me if you want additional thoughts.Jeff

If the buyer is losing money on his investment, and walks away without gain, then by definition there is no “equity skimming”.  

They also are thinking of getting a different PM to manage it after they can gain back control but would like advice on doing so.

@Ketch BaysStarting small in a cash-flowing market is a smart way to gain experience and build confidence without overextending yourself financially.

Hello, we are just starting out our investment journey. we have one STR property and 1 LT property and I want to gain more knowledge of it. 

@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵‍💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!

I find that putting a utility cap in the lease agreement they sign and calling their attention to it really helps make them more aware that they'll have to pay for excess usage so, fortunately, I haven't had to actually bill anyone yet, but the language is there if I needed to.