If they just needed one more month, they might extend and pay the premium.I mention that, because if you are OK with the resident and just want them to sign a lease, tell them the MtM price will go up effective September 1, and is $400 more per month. 

Maybe that is why the general rule of thumb is MTRs are 1.5 times the cost of LTRs

Love Toledo we are easily getting properties there with great cash flow and low entry cost in great areas.

The cost of renewals increased by 70-80%, which was insane.

To be honest, I think we may just need to bear the costs and learn from this and do regular unit checks going forward (which was not done by the previous property management company). 

It's similar to dollar cost averaging in the stock market.Now this doesn't mean I'm not blind to the potential risks of a cycle downturn.

As you know, houses are so cheap in Mississippi it is hard to get regular mortgages without paying ridiculous closing costs.

In terms of maintenance cost and liability the PB Court is a no brainer.

I found out who did it for them and the cost was 1/4 what they charged at the workshop.They also offered a deal, but I didn't feel ready .

@Mark SvendsenI would have given them to the buyer of the home at no cost.