So far, I've received quotes ranging from $3k to $5k plus an hourly rate for court appearances.

- Paying them on time, in full, at a fair rate- Giving clear instructions, setting expectations, and providing training for relevant tasks

I have seen interest rates change from four to two to seven percent from 2018 to 2023.

During value add the value would decline if based on cap rate and NOI due to higher vacancy.  

but, higher interest rates have made that much tougher. 

Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.

These loans typically have higher interest rates but can provide quick access to capital.I am a loan officer in CO, so I may be able to help you, as well as advise you on how you can increase your appeal to lenders.

The local building department wants the replacement stairs to have a 1-hr fire rating due to the proximity to the neighboring property.

Low inventory and pent up demand are keeping prices higher (and still rising), even in a higher than previous (but historically average) interest rate environment. 

I am not trying to accomplish anything other than taking advantage of some other homeowner's low interest rate rather than me purchasing a home with a 7% rate.