If you are saying the Net Operating Income (NOI) is going to be $48k ($4k x 12 mo), then maybe you could expect between an 8-10% cap rate, which would value it at $480k - $600k.3.

Mine is a true partner. 

Hi EveryoneI am a professional short term rental operator of 5+ years; nationwide.

I had an entry up for a friend of mine who was living in the tropics.

Your situation is different then mine since you have a lease in place, so I don’t know if you could demand one.

4) Are there any other legal or operational issues that I need to be thinking about before making a decision?

I'm not sure what your question is but if you are looking for a rental in Casa Grande, a friend of mine might be interested in talking to you.

We thought about selling now but it's appreciating so much we want to wait.The problem is due to job transfer my husband's credit took a hit and mine is ok/good.

We have a PM in place.We want an Interest only or ARM to LOWER our monthly payment for 1 year and sell next spring -- when their lease is up.We thought about selling now but it's appreciating so much we want to wait.The problem is due to job transfer my husband's credit took a hit and mine is ok/good.

I don't want the offer to be contingent on the closing of my other place as I think that this property will have multiple offers and I don't want mine to look weak.