@Nick M.We have been through that situation several times.It depends on your objectives with the property, but my first thought for you is - “are you sure you want them to leave?”

Are you cash flowing the property?

@Deepak C.you can use Turbo tenant to find tenants, going through a PM company is going to be your best bet for management - most will want 8-10% of the rents. 

Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%, 30yr amort (liability)The BFD sale price was $300k, with a $45 downpayment, $255k financed at 5.5%, 25yr amort, 3yr balloon (asset).All transactions are run through an escrow agent, and we just collect the net difference monthly (~$325 or so).   

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

Hi Marcus, since you are self managing I would recommend listing it through Zillow rental network.

I'm strongly considering The CE Shop, but would love to hear from someone who's already gone through the process. 

.- Initially I over valued the cash flow.

i didn't know that. 1 year with no cash flow isn't something i'm interested in.

Rental arbitrage can definitely make a lot of money through cashflow if done right.