They pay rent through the day of termination, plus a penalty equal to one month of rent.

It's called something else that I can't recall at the moment, but they'll know and be able to guide you in the right direction.Since there is a large amount of equity in the rental home, just be sure that your new HOI policy has good coverage and possibly think about an Umbrella Policy or additional insurance coverage to "protect you" vs. trying to reinvent the wheel and forming an LLC just for the one property.SD

He’s helped quite a few BP members successfully STR in the area and is a one stop shop for all STR needs.

One other note Ashley.

If you are still exploring markets to invest in, Nashville, TN, is a hot one! 

(is there any reviews or history on his business online)The inspector that said 70+ is probably one of those everything needs to be replaced don't risk type, however will probably be the more expensive guy.

That search will reveal you are om title and have "Vested" interest in a property that you reside in that matches your Drivers license, income docs, etc.

If you do go to court for eviction, the mediator/judge will want to see a record of non-payment notices to demonstrate the tenant is not having a one-time hardship.

If the property makes a good profit with a property manager hire one and leave it to them.

One common obstacle is dealing with higher interest rates compared to traditional financing, which can impact profit margins.