JD I used to have that line of thinking but parcels can and do get landlocked quite often thats why title insurance is so critical when buying land and insuring your access.. suits for prescriptive right a ways are expensive and time consuming..

I’ve also been reinvesting capital to help reduce my overall expenses by replacing existing oil furnaces in 3 buildings where I pay for the oil to individual propane heaters that the tenants will pay for their own heat going forward with.

just curious - if this is 'class D', won't you have more expenses than just PITI?  

However, a challenging situation has arisen: the previous owner's son, who lost the house to the bank, is currently occupying it.I've attempted various methods to facilitate a smooth transition, including offering cash for keys and assistance with moving expenses.

But remember, there are more costs like closing fees (2-5% of the property price), money for renovations (depends on the property's condition), and holding costs (covering a couple of months' expenses during renovations and finding tenants).

Rental property owners, did you know you can deduct expenses like mortgage interest, property tax, operating expenses, depreciation, and repairs?

Property managers can also be expensive.

I think this technology will continue to improve over time giving more battery power and additional capabilities.Even the less expensive brands have worked well in our communities, I guess we will see how they compare over the next few years.

just to be clear here.. if all other townhomes are 250k then it wouldn't be worth 350k.. you cant make value go up.. there has to be comparable sales.. so if there are other updated townhomes going for 300k or so then you could upgrade and get similar.. but value is only supported by comps.. you never want to be most expensive in neighborhood.

My expenses including PITI run around $6,500 a month.My point: For anyone that's looking to get into STR's... do your homework, understand the market and push to be in the top 5% of properties.