Hi @Chantelle Lewis - We run a boutique STR/MTR Management company here in LA.

I own a property management company in WA, including Yakima.Here’s a rough breakdown of costs:- Management: 15-30% of revenue- Cleaning: $100-$200 per turnover- Utilities: $150-$300/month- Maintenance: 5-10% of revenue- Insurance: $1,500-$3,000/yearTools like AirDNA or Mashvisor can give you a solid idea of income and occupancy.

You would need to hire a leak detection company to find out. 

Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck 

Large syndication company, higher fees than most other syndicators.

Jerome is still maturing from running a construction company to being a mentor and business leader that runs programs to develop others for success.

The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here.

Have your notified your insurance agent/company that you are no longer living in the property and that it's under renovation?

A bit, but with all of the chip factories, companies, and new developments coming to town I don't see it softening for long.

We have been a quality fencing company for 5 years part-time, and just announced this year we are going full-time with it.