Hey - posting from Ottawa, Ontario. My husband and I have spent the beginning of the year digging into books/researching as we are hoping to buy our first rental property this year.
We currently own a home and are l...

I have been a Wealth Advisor for the last 9 years, and I started a Airbnb rental arbitrage business about 3 years ago. 

And sometimes utilities.

I'd start with option 1 and remind her she's already behind on rent and you're giving her the option to move out without the need for an eviction.

Assuming CoGs and G&A are zero...Revenue (rents) - operating expenses (Advertising + Auto & Travel + Cleaning and maintenance + Insurance + Legal + Repairs + Supplies + Taxes + Utilities + Mortgage interest + depreciation = Gross Margin (also your EBITD) ** Include interest and depreciation here?

3 years ago when I first started my REi journey I thought I could do everything myself I’m big on DIY… (I did just that, I launched my first rental just like most of yall *BP,Youtube,books, I literally didn’t know what a mastermind even was , few months into my journey I started to feel stuck and couldn’t get the answers I needed. ran into a few of Jesse’s YouTube interviews and I was hooked on MTR (Travel nurses was topic during this time) I tried doing it myself and failed countless times and I wasn’t sure If I was even heading towards the right direction. 

Hi CindyCongratulations on starting your investing journey.

., I would start with casual conversation.

Hire a PM before you find you have a non-paying tenant living in your home for 6 months while you beg him to leave while paying his utilities/repairs and probably a relocation fee  I hope you sell, but good luck either way  

Where do you start?