I originally offered $600 (+$25 for dog) rent price for them to share a room and share a spare bedroom with me for storage.  50% split use of the house between myself and them (which the couple combined realistically probably uses more than 50% of the house) They counter offered this first month for $500 based on the current construction status of the house. 

Quick money hardly exist in real estates.

Single Family Home (East End Louisville)- Originally my primary residence ($209k)- Property is in our personal names (not in LLC)- Comps in the neighborhood are $285k- Built in 2002- In well established  neighborhood w/ middle income families- On 15 year 2.99% mortgage w/ 8 years remaining and $115k principal balance- Currently rents for $2,185 month/$26,200 annually- NOI $16,320- Cashflow $4,500/annually - $12k principal pay-down annual (current year)- Currently getting less than 3% return on our equityOriginal goal was to not cash flow but pay off property, allow appreciation, sell property at end of loan and use capital for additional projects. 

In my original offer I asked for a short due diligence period so I could have an inspection.

Originally posted by @Dan Cumberland:Hi @Travis Raila ! 

Originally posted by @John Underwood:I buy tax liens and get rental properties that pay off in 1 to 3 years.

I still need to pull the existing carpet up.

I would suggest screening all the existing tenants before you commit, if you can, if not get the PM to do that.

Originally posted by @Andresa Guidelli:One think I would recommend is to check your competitors and see how much they are charging and what types of experiences they are offering to the guests.  

Originally posted by @Glenn Curry:Hey guys I had a quick question : If you don’t feel comfortable answering by all means you don’t have to.