Property values are usually flat for this reason, compared to better locations where more people actually choose to live.

@Karen Strattan hopefully you have better luck with them but if they change something last minute I wouldn't be surprised at this point.

It's not unusual for LTR property management to run about 10% of rents, though I've seen higher and lower numbers and the more properties you put under one company's management the more likely it is you get a better rate.

When starting out, but owning an entire property outright with added improvements, would it be better to cash-out refi or get a HELOC? 

With a little debt you might be able to get a better property or if you rolled in your father's properties in a bulk 1031 deal.Feel free to PM me!

Once you add up the lost rents, damages, and increased liabilities this tenant brings you're better off starting proceedings now.Another option?

Depending on your deal, there may be better options than hard money to get things started. 

Hey there @Ramy Mosbah - For us as a general contractor here in Chicago the most obvious use case is marketing and social media.We like to use AI as a starting point because it can general content so quickly then we refine it to make it better and better.We also use it to help us build email sequences and stories.

the ARV does not justify the rehab; it's much more risky to do something like this out of state; and for this much effort, you would need a way better return. 

A seller credit reduces your cap gains... or having the amount in escrow shows your commitment to the improvement.Others might have better ideas.