The property was built in 1968. 

The home you saw listed with the $339 HOA are the townhouses that were built last year.

@Guillermo PerezPositives:- Equity Built: You now have $70K in equity, which is a solid result for your first deal.Cash Flow Potential: If the property rents well and covers your debt service while providing some cash flow, that’s a win.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.

So, in reality every month your moving close and closer to sucking out months/years of profits via items aging out, cap-x coming to bear. 

There are not a lot of comps and sales as of now but more are being built so time will tell with your ROE.

Another thing we do is check to see what items need to be addressed.

If this is a big-ticket item, you might consider legal action against Airbnb.  

There’s normally action items that can be implemented into your management process that are more effective. 

Compliance items such as adding smoke detectors, hand rails, fire resistant garage entry-door and new stairs outside.

Look at insurance and tax costs, those two items are the biggest killer of cash flow.