I guess this will not be getting taken care of this week., lol…I couldn’t find any numbers from the last 3 to 6 months because none of the lots near this house have sold that had houses on them that needed to be torn down… so it’s nearly impossible to find the exact same situation, but I will call a realtor this week and see if they will run some numbers for me. 

This often involves setting up an escrow service to handle these aspects securely.Professional Inspection and Repair Agreement: Beyond basic inspections, consider a detailed agreement on how repairs identified during inspections will be handled, including who will pay for them and timelines for completion.Involving professionals like attorneys and notaries is essential to ensure that the transaction adheres to legal standards and that all documents are correctly executed Great Job - this will help many people get started in this space.Cheers,KC

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You want to be careful how many times your credit is pulled until you are ready to take action.  

Welcome to the game @Savannah Walbert, I would strongly advise you to start looking into what sort of real estate strategies are tax-efficient such as short term rentals with the "short term rental loophole" or multifamily / commercial with "real estate professional status".

Now you know why everyone is having such a hard time getting deals.And dude,I don't care whether every 200 properties you drive gets you a deal, who the FROG wants to drive 200 properties to get ONE deal when you can make 15 deals/week, letting the right people FIND YOU!!

I don't have a high risk tolerance, that is why I have less than 5% of my total portfolio in the stock market.I am not willing to actively manage my real estate investments, but do have a portfolio consisted of single family rentals managed by professional property managers, commercial real estate managed by experts in the field, mortgage notes services by the broker.

@Mike Hsiao1) Inspect home ASAP to determine:- If they are taking care of the property and YOU want to renew- Do Pre-MoveOut Evaluation of potential repairs needed.

So, I recommend that you manage it carefully to make sure that you run as close to breakeven as possible.The second issue with any corporation (including LLCs filing as S-Corps) is having the corporation own rental real estate. 

I always tell people to invest very carefully in Poconos, it is no longer the pre covid time where rental demand was higher than housing supply and house prices were cheap enough to make good money.If you have time and you can put in some effort, you can make it work, but you need to see if that battle is worth for you.i believe anywhere you take STR, if you will let a PM handle it, you will either no make much or will not make anything. 20% is a lot of money!