Try to get her out, use the deposit to turn the property around, and try to find a new renter quickly.One suggestion: I would only forgive the July rent if she works with you to market and show the property to new applicants.

It has been 6 months or so, and I want to get them on a lease, and adjust the rent for market conditions.They currently pay $1,500/month, market for this small house is $2,200 or more

Here in Chicago (Illinois) you can only wholesale (market for sale) one property per year without having your real estate license.

So I looked at some local markets like Sacramento where I'm from and familiar with the neighborhoods but the cashflow would be so negative that I'd be paying out of pocket every month.Now I'm more inclined to buy a single family in KC as it seems the rates won't drop anytime soon so would like to get in the investment game sooner than later and hope for a rate drop in few years to refinance.I have been looking on Zillow, and recently connected to an agent to run numbers and seems I could make about $100-$300 after mortgage payment and insurance.

Hi, I'm looking to gain some market knowledge in the Tampa, FL area.

I know the process of touring houses, getting home inspection, researching market rents, looking for tenants, screening tenants, etc takes up a lot of time.

Maybe you need to fork over a few thousand to run a market study in the zip codes you really like?

The short term rental market in our area has been doing really well over the past year and we feel this property is a destination unto itself.

Also, Days On Market (DOM) are up across the USA.

Before you start focusing on the team members, I would figure out what Out of State Market you're going to target.