I purchased the condo in 2020 for $310,000 at 4% and a similar unit just sold in my complex last month for $570,000.

These are professionals with additional training and a stricter code of ethics.

You have everything from low end inner city properties to rural properties and a ton of small towns in between.

I've had a lot of the same questions and I came to the realization that I needed to have enough funds for the down payment, closing costs, and a reserve amount that I''m comfortable with.

Then you would have that leasing expense all over again.We actually sometimes like to pay the leasing brokers more so they push our site harder than others.If you have an A location and A parcel shape then typically lots of tenants fight for the site to lease it or buy it and leasing broker has to do less work for fee involved and rent per foot higher most times.

The lawyer usually does very little apart from signing a few forms and a cursory review.

As Erin Spradlin said, it's a bit of an art and a science.

They want to buy the property in outright in cash and as of right now have no intentions to cash out refinance after stabilizing.

There is increased drama, increased lease violations, parking problems in your community with up to seven different cars (plus visitors), increased wear-and-tear (particularly in a single-bath home), and a dozen other problems.Despite having SEVEN able-bodied adults living in this rental, they can't afford rent?

We used to do back to back closing with no money required but due to title company policies, lender disclosure requirements, and a variety of Federal and State laws this may no longer be practical.