Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

Its likely that you will never see money back from that tenant, so it may be in your favor to offer them money to leave immediately so you can get it leased back to a higher quality tenant and restore income to the property.

main challenge currently is finding quality tenants that can go thru my screening process (600+ credit score, clean background check, etc.)

I tell people all the time: if you can't find a quality PM in a market, don't invest in that market!

But before I ask for help, a little introduction.Mid 30s, pretty laid back guy, love a good quality tequila and who doesn't love tacos lol.

This was a quality post.

To determine a realistic and justifiable ARV for this property with a 4,000 sq. ft. luxury home, I analyzed comparable sales close by in Jamestown, RI, focusing on price per square foot and property characteristics.Step 1: Identifying Comparable SalesI selected six high-end waterfront properties in Jamestown that share similar lot sizes, locations, and luxury build quality.

Long term that makes them tough to sell to anyone else but an STR investor.There are much fewer quality STRs available to rent, so that's one way to differentiate.

To avoid making residents fearful of potential radon, we simply told them that the bank was requiring an air quality test. 

If you’re considering managing trades yourself, be prepared for scheduling and quality control challenges, but it can save you money if done right.