This is important when running sold and rent comps.

The process included one eviction, a procedure RCA is well versed in, taking roughly 2.5 months in Connecticut.The value-add process resulted in a ~60% increase in NOI from ~$74K at purchase to ~$118K on a run-rate basis after 7 months.

Is there a win-win number where I can take this dump off your hands so you can stop paying for property management with a revolving door of tenants?

I have 12-doors there and lived in the Metro area from 2017-2022.

@Jeremy H.It’s definitely high risk for people who have no experience running a business.If you don t know anything about managing and marketing STVRs stick to LTRs.

Best thing to do which most of them do not do is have a conversation about your goals and current income and assets.Getting your credit pulled 3-5 times can just hurt you in the long run if the lender has limited programs or extreme overlays.

You also then have create dual entry.Lastly, your bathroom is always the hardest as below-grade bathrooms are hard to permit and hard to do and can ruin your value in the long-run, if it's illegal and done the wrong way.

It might be worthwhile to keep son and daughter off title and just have them mange them and run the business. 

My rates are all right at 7 to 7.5 but that is full doc and a Bank and Millions in cash in their bank with various companies we run and control.

Dude,Did you run the "pay off your mortgages" plan past your attorney?