I wouldn’t commit past the first 3-4 calls though until I had some proof that he was actually helping me.

I usually do month long rentals (as a minimum) but committing to a full year with a tenant makes me nervous.

If you don't, you are kind of complicit in the all the crimes he may have committed since and in the future against others you don't even know about yet, which you could have helped prevent.

So, I want to caution you to read all the details carefully.Before renting a dumpster, it's important to check the weight limitations and duration before you commit to any rental company:1.

I, like many used to think “newbies” posted questions or asked for “help” to obtain the best advice from experienced investors, obtain guidance on strategic alternatives, or get a qualified opinion on whether the latest hot guru was worth the $40k price of admission.But, I was WRONG.No, none of those reasons are why newbies come to BP.They don’t want to find out that their “revelation” about how to invest has been tried about 10 million times - with limited successThey don’t want to learn that without capital, knowledge and experience their willingness to commit weekends is near uselessThey don’t want our opinion that they should skip trying to wholesale and spend some time learning as a licensed agentThey don’t want advice that has them taking classes at community colleges or learning real estate law, finance, or principles.So WHAT do they seek when they come to BPThey want comfort, encouragement. and to be told their thoughts are correct.

But if you are committed to purchase, a 2/2 would prevail over a 2/1, the price difference has to be nominal and now you might attract a different user like tow couples or adult friends that don't want to share a bathroom vs a young family that the kids are okay to use the same bathroom as the parents. 

If the rents are low and it's difficult to fill, you'd be better off selling the property.The value of the property will continue to go up over time, so I'd lean towards holding, but you'll want to look at the market you are in before committing to a long-term cash-out refinance.

This way, you don't rush into selling a property that still holds potential and you can gauge the viability of short term rentals without fully committing yet.Additionally, talk to a few local property managers or even consider different marketing strategies to attract tenants.

This way, you're not locked into a long-term commitment and can start looking for a new tenant.

If the attorney thinks it can be done, obtain a title commitment before starting so you can be reasonably sure a policy will be issued when you're done.I have run into situations where some of the heirs of the property owner have themselves died leaving heirs and beneficiaries and sometimes some of those heirs have also died.