Well that’s disappointing owning a STR on an island is one of my LTR Goals and Barcelona was on my short list.

Beach front is rare and has appreciated well for 50 years and likely will be appreciating well 50 years from now.Good luck

Hi JohnYes, that's what I'm thinking- was hoping there might be a way to tap the equity in the church with a renovation loan, but not having much luck there. 12 percent is pretty well exactly what I'm looking at- debating whether less risky to just cash flow it slowly over time?

Stay away from anything that won't rent well in down markets such as we are in right now.

An investor that doesn't know how to manage property well is only compounding problems by adding more properties. 

Do you paint inside of the cabinets/drawers as well?

Well.... we should be doing annual inspections anyways.

And for extra context, rent increase is from $900 per month to $1000 per month (still $200 below the market, and probably more considering all utilities are included).Rent Increase Letter (Due to Below Market Value) TemplateDear [Tenant's Name],I hope this letter finds you well.

I'll need to make some renovations like finish my basement so I can make use of that as well and move laundry to a more central and convenient spot so it can be shared.

I have a house in BA being rented out,  to price is a set amount and that's what they shown in disbursement to me, however I got a copy on the current leasing agreement with the tenets and found it that they are charging tenets an additional fee for the appliances I provided,  as well as the pet fee,  both of which they are keeping, and if an appliance breaks or carpets are damaged,  i have to replace them... is this legal?