My tenant did ask for an extra two weeks in the house, so maybe if I turn this into a week-to-week lease after the end of the fixed term lease, I have a nice out.. we'll see what my lawyer says.

You take it over vacant so you can renovate, clean up, and place your own tenants at market rate.If tenants need 30 days to vacate, make your closing 45-60 days so the Landlord has extra time to deal with any renter that holds over.

I know I'm further north (Sedona area) and a bit of extra driving, but if you are looking for hot ROI and appreciation for Single family STR's, or even just some no-strings guidance to help you get started in AZ, I'm happy to help.

students deserve nice places to live. we aren't trying to be slumlords but i do realize that students probably have slightly lower expectations than other types of tenants, so i feel we wont need to break the bank in the level of finishing details like we did on our own home but we will provide housing that is clean and safe and attractive. also thinking we can use some creative materials and methods to make the units party-proof. maybe we get lucky and find some long term professors or grad students and don't have to do annual turnover on every unit. even so, i budgeted 8% for property management after watching david greene's webinar yesterday.the heloc would allow for an easy down payment and a nice buffer for rehab, and i have 750+ credit score and good wage earning history, so i think a conventional loan should not be a problem to obtain. a cash out refi might be an option on the horizon if we decide to really crank a proper rehab but the units (from the pictures i saw) are livable as-is.should i be more specific here on the address/market to get better help?

Its more just, can we squeeze out an extra 10% of revenue by having access to a greater pool of people.

I am hesitant because if we use our credit card we don't want to be responsible for any damage to the room or paying for extra mini bar.     

I just like having extra cash just incase, so if I had the ability to just use money from my homes equity and was able to BRRRR and recoup that I could essentially continue to use that equity money over and over... atleast that is what my brain tells me.

If all you are worried about is payment not all the extras Cozy helps with Cash App is easy and you are instantly paid no waiting or processing payments right when they send then it is available to you.

You must be extra brave.

Are you going to rent out the extra bedroom?