You learn more from not-so-great deals than from home runs.Improving the asset and getting higher rent is certainly an option, but I would really look at some 10 year math to help you decide.

In the event that such notice of non-renewal by Owner is received by Broker, Owner shall pay Company the Management Fees, rental commissions, and all other outstanding fees set forth in this Agreement for the length of the tenant lease (including any lease extensions or renewals) or the remainder of the term of this Agreement, whichever is the greater of the two.

There entitlement stays on the property all the same but it's cleaner because you don't have to worry about due on sale or managing the sellers insurance, power of attorney, etc.

"Saturated" is a bit of a throwaway term IMO - I manage STR's on Oahu and while Hawaii is about as "saturated" as it gets with STR's, people are making great returns on the right investments.

Schlage Encode is my go-to for all of my properties.Hopefully this all helps take some of the anxiety out of the reno process - take it one manageable step at a time, try to have fun along the way, and you'll be finished up in no time!

I self-manage and use Quickbooks.

I am trying to decide if I should convert the garage space into another unit.

First thing is the management company should be working for you.

We DO check to make sure that we have licensed agents and lenders on the "Find an Agent" and "Find a Lender" sections of the site, but we have not done the same research or built out our marketplaces for contractors, CPAs/Tax Pros, lawyers, property managers, turnkey providers, wholesalers, and so on.

Unfortunately the owner for some reason decided now was not the time to be moving so he never check to see what his certificate value is.I wish I had a better "rest of the story" to tell