In many states, the last month's rent is or at least was an addendum to "security deposit" so much so that most renters no matter the state will tend to still ask to apply their remaining amount on deposit (last month deposit, NOT security deposit portion) to their 'last month' - yet CA landlords are now well as of since July 2023 going forward, prohibited from applying ANY deposit to the unpaid last month, thus Newsom is giving all tenants who don't care about their credit a FREE LAST MONTH EVERY TIME THEY MOVE OUT if they make the case that their security deposit cannot lawfully be applied to the last month of rent in arrears?!.

I believe he pays them salary and of course we all give cleaners bonuses here and there, regardless if they're in-house or not. 

The increase in cash flow you will get when it is paid off may be great enough that you want to keep the property, either monthly, or you can always cash out refinance and take out a larger lump sum which is tax free and just let the tenants pay it down over the course of the next 20 years but this time with a manager so you’re less involved.

Purchase price: $104,000 Cash invested: $20,000 Deal Deep Dive: Strategy: Buy and Hold Mid-Term Rental Buy Box: - Within 15 minutes to a major hospital - Within 10 minutes to a Starbucks (LOL)- At least two bedrooms- Light Rehab Only (paint/floors/decor)How I Found the Deal: '- networking with fellow local agents (I am an agent, for context)How I Negotiated the Deal: - Gave the seller what they were asking for to get in contract- Negotiated seller credit based off inspections - Told the agent who brought me the deal that HE could represent ME in the deal, which made it a win-win-win.

How I Found the Deal: '- networking with fellow local agents (I am an agent, for context)How I Negotiated the Deal: - Gave the seller what they were asking for to get in contract- Negotiated seller credit based off inspections - Told the agent who brought me the deal that HE could represent ME in the deal, which made it a win-win-win.

There was a lot of deferred maintenance we had to clean up during our ownership that I should’ve negotiated credits for.

I have excellent credit, no debt other than mortgages, properties with great cashflow and equity, and i still continuously struggle with lenders. 

Are there any other courses of action I'm not thinking of?

Of course if your all cash drag and holding costs wont matter in the long run.So for us they simply never pencil from ground up because of the cost and absorption time.

However, with continued growth in population and new jobs, forecasts indicate that 2024 will still be higher than the 10-year average for residential construction, a study from the City’s Long-Range Planning Division reveals.Photo credit: GTEC/Marty SellersThe 2023 Huntsville Development Review showed the city’s population is continuing to grow even as the real estate market for single-family homes moderates.