Usually in the year following your purchase, the property appraiser will reevaluate the house based on the new sales price.  

@James Landsford I would wait to do the remodel after tenants move out before listing it for sale.

Here's a good folder setup.Bank StatementsCredit Card StatementsProperty Management StatementsMortgage StatementsSTR Platform StatementsInvoicesReceiptsClosing Documents (Purchase/Refi/Sale)LeasesCheck & Deposit ImagesVendor ContractsW-9’s & 1099’s

Business owners won't want to get tied up in litigation and if there is a good chance they will lose, it is easier to simply follow the contract.How would that work with a lower-end tenant? 

These props were in good areas so I am guessing that is why. keep in mind true A class areas whould see majority of comps being sales to homeowners NOT investors.. homeowners dont care what the cash flow is or the potential rental income is only investors do..

I did not mention, but this is a probate sale, and the seller is the executor of the estate.

A great thing about my team is we handle the sale and property management side for investors!

I do generally agree with the sentiment of Austin and the other hosts that fundamentals will always win out in the long run, and this by nature is a long term industry, even the sales side I'm learning.  

Buy a lot and build a house for sale in 2026.

Still trying to get through some sales to generate cash.