It's your job to create a buffer between the tenants before they start fighting as well.

I can make more money spending the equivalent amount of time in my day job.

Owning real estate can be a full time job at times.

I went from a W2 job to building a portfolio of 500+ units over the last 5 years by starting small and scaling smart.

If you like your job, and your goal is to create long term wealth through equity then keep the property, fix it up over time, and in the future you will be able to rent it out for profit.

He does a great job and is very reasonable, and is just a great guy.  

Great job there! 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Fixing up a property and turning it into student housing is a smart move—steady demand and solid rental income.Great job!

.- In some markets, that are growing quickly, with great jobs and lots of inbound migration, this could be a little higher - like 4-5% per year over long time periods as demand outpaces supply.