Stay safe, healthy, and keep your hands clean!

Clean your hands often    b.

Using a semi to high gloss finish will be more durable and easier to clean than a flat or eggshell.

Below are the expenses I am carrying:Expenses:Property Taxes: $1,626 annually ($136/month)Insurance: $714 annually ($59/month)Maintenance and Repairs: $900 annually ($75/month)Capital Expenditures: $960 annually ($80/month)Utilities: $0Advertising/Administration: $300 annually ($26/month)Property Management Fee: 10% of gross income = $1,200 annually ($100/month)Tenant Placement Fee: 50% of first month's rent = $538 annually ($45/month)Turn Reserves (Cleaning): $500 annually ($42/month)BreakdownRental Income $1,075 - 7 % vacancy = $1,000/month ($11,997 annually)Expenses = $561/month ($6,737 annually)Expenses/Gross Income = 59 %For the record, when I called the County Assessor's office, they told me the assessed value is $81,300, and I would be paying 2 % as an investor (number is carried above). 

Was I too harsh in not renewing? 

This home is super clean, with an almost completely new interior.

For our multifamily assets and commercial assets, we have doubled our cleaning frequency and focus.While we do expect rent payment, we also expect there may be some sort of leniency if payment is not made.

Please let me know if there is a more clean way to hold/manage these properties, and maybe if having a professional do my taxes is a good idea.

If it's a brand new home it won't take much more than a deep clean to get it ready, and no cash out of your pocket.

Not that you asked, but waiting until your property is vacant to get it cleaned up and show is SO much easier and it eliminates all of the stress.