Managing an STR a very hands-on 24/7 job if properly managed with a decent occupancy rate.

The idea is the west and east side will effectively create and upside down U around the North side of Winston Salem connecting it to the main veins that run east to west on either side of the city.

The renovation will convert a row single family home into 3 family home ( the layout is already there ):- the first flow will be 1 bed, 1 bath- the second floor will be 2b, 1bath- the basement.If those 3 rents, I can easily have $1800-$2000 in gross rent per month.So any creative financial idea I can propose to him?

Even if your lease isn't phrased this way, it would be a good idea to send the police report to the tenant and explain your position that it's a violation of the lease.

Sorry dawg I got no idea what you are trying to say.

I actually don't like the idea of paying off a property either though, I think one of the biggest reasons for investing in real estate instead of the stock market is that real estate is setup to use debt as leverage.

Such as not notifying all interested parties about the sale properly.

A lot of this stuff is less about reality and more about pandering to preconceived ideas, they call it confirmation bias.

But you can pay $5,000 on some training course to make it sound like money falls from trees when trying to be a wholesaler or implement your idea.

In some ways regardless, you should make sure your mgt LLC is properly licensed and insured.