Over the last 5 years you're looking at a Compounded Annual Growth Rate (CAGR) of just 3.11%. 

There's a few other things to think about too: 1 - Possible owner financing if he wants to still get a stream of income into retirement at an attractive rate compared to the rest of the market (win/win scenario, you don't need to come up with as much cash, and he makes a little $ on the %) 2 - Consider a post possession if he needs some time to move out but needs the cash up front for whatever reason 3 - Leave all the furniture/junk in the property and you'll handle clean up etc. 

It will be interesting to see if volume increases dramatically with interest rate cuts.  

My back up plan if it doesn't sell is to hang onto it and rent it out, but I don't think it should have a problem selling.What is the best way to handle this?

AirDNA is best used to check your work.

Any best practices on collecting past due amounts?

Keep reading, listening to podcasts, and learning from others' experiences to refine your strategies.Consider Your Financing Options: Explore different financing options, such as conventional loans, hard money loans, or even partnering with other investors, to find what works best for your situation.I'd love to connect and share more insights as you embark on this journey.

Pepare your taxes and data and take them to a tax peparer so that it is easy for them to see how you run your life so they can make the best decisions for you. 

Curious if anyone else received this same email from VRBO today:"Subject: Vrbo property rate discrepancy error – action requiredDear Partner,We're reaching out to let you know that we recently discovered a technical error that may have caused your rates to be displayed incorrectly to travelers who booked your property between July 29 – August 9, 2024.Please review the property rate for the following reservations IDs:XX-XXXXXX, XX-XXXXXX, XX-XXXXXXIf you believe one of these reservations was impacted, we ask that you honor it and contact Vrbo Support within 30 days of receiving this email to file a claim for the potential difference between the booked rate and your actual rate.You can reach Vrbo Support 24/7 at https://help.vrbo.com/?

The combination of interest rates + high prices is making me consider moving to a more affordable market.