It's ok to make mistakes, you have to be in the game to win the game.

I know other property owners who have had mgt companies for years who only get paid when the rent is collected so I wasn't sure if this is still the rule or if Covid recently changed the game plan....

You can refinance these with 21st as well to pull your capital back out, but it's a much slower process.We're getting out of the used home game and going with new homes for the lower up-front capital cost and attractiveness to better residents.

It's all a numbers game, and the most successful investors invest in the markets where they get the best returns!

Lot of moving gears in this machine for you.

I don't mean to be too negative and of course, if you somehow could make the numbers work...well, this game is all about the numbers!  

It would also not work if you installed the valve where it would end supply to something else (ex. washing machine).

What's the end game with the house, flip, rent out?

It is more work upfront, and has a steeper learning curve, but can pay off once you have a well-oiled machine working for you in the market.My personal opinion and how I tell my clients is house hack here in colorado each and every year, getting a low down payment loan.

The people that stole it had a tow strap wrapped around an ATM machine and the police caught them trying to rip the ATM out of the ground.