Pros I can think of: - higher rent rates (renting by the room) - saving cost and time on upgrade - easier advertising Cons I can think of: - high turnovers  - limited screening - possible wear and tear  

They were fairly highly rated, and performed well on my extensive screening interview (we went over an hour).

We would consider a “walk-in castle bed with a slide” to be highly themed.

If they have actually proved mold (highly unlikely) the next step is to carefully evaluate their report and see whether the tenants actions/inactions may be the source of the mold...

It could make sense to take advantage of minimal competition and relatively "low" home prices while interest rates are still high.2.

I was informed of high water bills on April 1 and had the problem fixed across April 7-8.

Properties located in areas with high crime rates may be less attractive to potential renters or buyers, which can lead to lower property values and rental income.Neighborhood DemographicsThe demographics of a particular neighborhood can impact the demand for housing and rental properties.

My first rental, and I will have a very small cash flow (Thanks to high rates and high prices, but I took the plunge and decided to get into it anyways to build long run wealth).

Here are the details at a high level:Purchase price: 174,000Closing costs: 2,000Down payment: 20%Rental income: 1525Monthly expenses: 487 (insurance + tax)Maintenance: 128 (1% of purchase price)10% vacancy: 150Self-managingI am not sure what interest rate to use to get the monthly mortgage amount.

1000 bucks for carpet replacement seems high.