Finally, one other word of advice, make sure that you are allowed to rent your condo, and that the association has not already reached the maximum number of rentals in the community.

Your problem here is that you sound completely unconnected to your investment and are allowing decisions to be made by companies and not what you know.

Our team covers Poconos to Philly and west to Reading. keep at it, and if you ever want to collaborate or explore new markets, reach out or DM. best of luck!  

For those of you that have created a strong team (acquisition, contracting, finance, management, etc.) to streamline your investment portfolio--even from out of state--what has worked the best for you and/or what do you wish that you had done differently?

.😢 We have our own team, this would not be possible with a regular PM.

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I dont allow tenants to pay cash.

Since they are solely transaction based and don't have to deal with tenants after they move in:1) Many are only interested in getting their commission and moving on2) Many think they are doing everyone a favor by working with a lease client, because they could be making so much more working on sales transactions3) Many complain about screening processes as they only see them as:---Potentially costing them their commission if their client isn't approved or finds something else during the process---Slowing down their commission payment4) NEVER allow an agent to screen a leasing prospect as they have a conflict of interest!

My time is better spent expanding my portfolio and closing on deals.I agree about the 3/1s for SFHs but if you're at all familiar with Ohio, this is just how homes were built (being from CA myself, I'm definitely used to every single bedroom having it's own bathroom but that's not the norm in other states hehe).As for rental arbitrage, since I'm the owner of the house, yes I was curious how the cashflow would look if I was open to allowing someone else to rent it FROM me for the purpose of using it for arbitrage (and what the difference would be between the cashflow I'd already get for a LTR).

Can I do the analysis on my LTR as well this yr in order to use  up the 80% bonus deppreciation allowed for 2023?