Just a reminder that even if he owes you the entire security deposit, you need to follow your state and local laws regarding notice to him showing itemized deductions from security deposit, any balance left or balance due to you, and proof you sent to last known address, I believe, even if it's your own unit, as he could have put a forwarding notice in with USPS. 

For example, if my duplex appraised for $250,000 and it put me in negative cash flow territory I'm doing that deal all day.A lot of folks miss that last part.

I'm in Texas Thank you  Run background, no felonies, credit not less than 580, no evictions last 5 years, income 3x or so of the rent 

Best decision I've made in last 10 years

Your first house isnt your last house .

Hello BP community,I recently invested in a STR last year and its going great!

.- I have a mixed use property with 2 commercial spaces rented for the last 2.5 years and 1 short term rental/residential space I have airbnb'd/lived in part time for the past 2.5 years- I owe about $110,000 and have about $200,000 in equity- My credit is 580 - 620 right now due to being laid off last year and missing a couple of credit card payments.

This may not last much longer with anticiapted fed rate cuts and wouldn't rely on this strategy for lengthier projects such as ground up builds where I suspect the borrower will benefit form lower rates in the not so distant future. 

For the last year, buyers have had a little more power -- or at least more power than they did in 2022.

I can tell you in columbus submarkets most of the new construction growth is actually not west. most of the zips I added are between gahanna, buckeye lake, and lancaster, and then up north towards Ostrander and mansfield. these are markets that never build and sold 5 homes before until the last few years.