Was the tenant responsible for maintenance?

They can provide local insights, advice on market conditions, rental regulations, and help analyze the investment potential.Remember, making informed investment decisions requires your careful analysis and due diligence.

After maintenance, I should bring in $1200 a month cashflow.

I just started thinking about selling it because of the new local rental/landlord law in Concord, and there is no more depreciation.Plus, I am thinking of maybe it will be nice to have a vacation/rental home in HI too and not worry much of maintenance if the building has maintenance and manager in house.

Remember that real estate investing is a continuous learning process that requires adaptability and perseverance.

While initially enthusiastic about the potential of the property, upon inspection, I found myself overwhelmed by the extent of work required for its rehabilitation.As a beginner in this field, I must admit that I feel ill-equipped to accurately assess the necessary renovations and calculate the total cost of rehabilitation.

The HELOC will eventually require you to amortize most of the time.

Occasionally we see places listed that need 4 Wheel Drive to access or require climbing a lot of stairs to reach the front door.

These large private equity firms don't want to be bothered with POH rentals and subsequent maintenance.  

It depends on whether or not the carrier requires 12-month lease agreements...have to talk to an agent and provide accurate information on how the property is being used.