Find a new PM to take over immediately and get the ball rolling so your tenants know where to send March rent.

Purchase price: $235,000 - Leased a room March 2021-December 2021: $900/mo- Cash-Out Refinanced May 2022: $40,000- New Loan Balance: $285,000- New Monthly Cash Flow: $73/mo Lessons learned?

@Zach WainIt will comeDown over next few months since February last year was 0.8% and March was I believe 1.2So even if it comes in at 0.4 the next two months we dropped it to low 5’s.

Purchase price: $590,000 Cash invested: $52,000 - Plan to live in 1 unit for a year and turn the other 2 units into short-term rentals by 15 March 2023- Currently under cosmetic renovation and stocking short-term rental necessities- Projected Cash Flow first year: $299/mo- Projected Cash Flow after 1 year: $1,549/mo- Has a beautiful mural of cats on the front Lessons learned?

Looked at March and a ton of properties near the area are renting for $150 per night.

Dropped to 98k and I picked it up for 89.5k in March of this year..  

Had to put a new roof on so a good opportunity to raise the rents.I started out by saying "Because I really value your tenancy, I am raising the rent in increments as follows:1)  Effective September 1, 2015 the rent will increase by $75.00 from $1,575 to $1,650.2)  Effective March 1. 2016 the rent will increase by $75.00 from $1,650 to $1,725.3)  Effective September 1, 2016 the rent will increase by $75.00 from 1,725 to $1,800.A rule of thumb when budgeting your rent is usually 25-30% of your income. 

My first load is March 2,2023.

I think that right NOW is the time, by March or April next year, we will see values and pricing shoot up like never before, more records broken, etc etc.

These steps (with the exception of the real estate license) are to be completed by the 28th of February 2023.I will acquire my real estate license by the end of March 2023.If you read this post, please don't be shy about reaching out.