Quote from @Theresa Harris: Post notice and start the eviction process Agreed, you need to start the eviction process the day that rent is late every month.

My wife and i purchased our home in 2019 and over the years have planned on renting the home out when the time was right.

As of now, one side is done and rented and we're currently working on the other with a projected done date of July.

@Chuck WardI think what you're saying is, why wouldn't you use a HELOC to pay for a BRRRR - purchase and rehab - and then just use the rent from the BRRRR to pay off the HELOC?

Heyy how are rents out in Shelby and major employers?

In March I rented and furnished a 4 bedroom home in Hyattsville, MD for STR and it's doing well so far with 21 nights booked since listing on March 18.

I am wondering if i am losing out on money by renting long term?

Well my goal is to bring "highest and best" use to the neighborhood. 1 year ago you could buy property for 35,000 and collect rent. 1 year late new construction under contract for 250k, rehabs listed at 239k.

The broker is also the property management company, and they believe there is some room for a rent increase.

Hi Jay, if your going to do a BRRRR stragegy, you'll need to remove "rent" from that equation.