The rental yield is strong due to a growing population, a diverse job market, and a relatively lower cost of living compared to other major Florida cities.

As the impacts of climate change become increasingly evident, more individuals are likely to incorporate considerations of air quality and other disaster risks into their choices when selecting a place to live. 

I also switched title to a trust with a quit claim deed and the cost to record is only 39.00 here in Illinois.  

Those two items added $6850 that included labor costs to our renovation costs.

Love Toledo we are easily getting properties there with great cash flow and low entry cost in great areas.

Finally, how can I estimate the costs for repairs?

I'm already giving them increase letters ($45 increase) on July 1st, effective August 1st.

This is a possibility for me due to the low down %, although I’d need to include closing costs and other fees.Conventional 5% downThis seems like a possible better option due to the lower PMI payments and potentially lower rate.

In its best year, 2023 it cash flowed $3,000 a month before increase in property tax and utilities have squandered it down to maybe $1,500. 

It defaults to charging the holdover tenant 10% extra rent plus any additional costs including attorneys fees that their change in move-out date costs you.