For example the person moves out Sept 30th, new tenant moves in October 1st.  

Paid $800 for a structural engineer to write up a 10 page piece of fluff telling us all the ways we could spend money to fix the sinking but settled foundation.

Yes, you lose the value add upswing, but you also reduce potential money loss and time loss.

You will also need money for closing and an emergency fund. 

My personal goal would be to keep the tenant even if the unit was in rough shape, and just get to the bottom of the late rent thing

When should a person open an LLC?

Investorfuse, Freedomsoft, other Podio workspaces, Zoho, etc.I can say, Freedomsoft is getting better every day and I'm personal friends with Rob Swanson, he's awesome and will continue making it better.  

What makes you think you can do it right now with high cost of money and extremely low inventory along with a glut of competition who knows more than you?

Whether you're a new investor or looking to scale your portfolio, qualifying for traditional loans can be a challenge—especially if your personal income doesn’t meet the strict requirements.That’s where Debt Service Coverage Ratio (DSCR) loans come in as a game-changing solution for real estate investors, providing an easier way to finance properties based on the property's cash flow rather than your personal income.What is a DSCR Loan in Real Estate Investing?

Although I don't personally like the trends, they were supported the City of BBL's October Compliance & Occupancy Data, which provided the following:1 - The occupancy rate for October was 38%, which compares to 55% prior year; 2 - Average nightly revenue dropped by 36% on a year-over-year basis; and3 - Demand decreased by 22% on a year-over-year basis, while SUPPLY ALSO INCREASED by 13%!