My first question would be did you screen her and her ability to pay?

A skilled property manager who has the processes and ability to select a “good” tenant.

So I ended up gutting the room to the studs, which of course made everything more straight-forward and provides the ability to do it all the right way.

I am a part time rental units owner and i like the ability to handle the business on the go. 

@Evelyn MooreFigure out what your investing goals are.Learn about various methods of real estate investing.Pick one that matches your goals, abilities, and interests.Work hard.

If the seller did not give you access to units, ability to check water pressure, check roof, there is probably room to negotiate.  

A loan that is Secured by a piece of Real Estate PropertyThe funds are generally issued by Private Investors or CompaniesThe Borrower will receive Funds based off of the Property being purchasedThis is considered an All Cash Offer and TransactionTypically, the Length of Loan is a 12 Month TermA Hard Money Lender is an asset-based lenderClosing Times are generally 14 days or lessFinding ways to use other people's money along with your own is essential in Real Estate Investing, that is, if you want to be successful.You are giving yourself the ability to invest in properties you normally would not have been able to, or would have had to wait substantially longer before doing so.Depending on your Real Estate Strategy, the number of houses you can purchase and Flip/Rehab in a given time period, will determine how successful you are.

Carrying large balances on a credit card will hurt your credit score and could affect your ability to refinance. 

I’d appreciate the ability to offer people a credit towards a future stay before they can straight up cancel.

Ability to do a less expensive rehab to make it suitable to rent long term.