Spruce the place up and put in a new tenant.I also recommend you read some books about managing rentals.

@Mark Peeples it's buy and hold and rent out to tenants as a mid-term rental unit.

But again, I go through the questions about and decide based on the level of stress/work, cash flow utilization and my overall goal for that rental and make my decision.

How are rental comps for 3bd/2ba.

But we do want the option to use it as a short term rental in the future.Do I need to go the ADU route - separate address, utilities, etc?

Understand the neighborhoods, property values, and rental demand.Financing Options: Explore various financing options.

We are purchasing land in OBX and have a great builder lined up to build us what should be a tremendous rental property.

Hi Ian,I might do that deal if I also felt that the rental amount was projected to go up (like in a high growth market) or if appreciation looked to be promising and I wanted to exit the investment in a short period of time but in general, by doing the deal with only a 6% profit, the margins are slim to make it worth it in the short term at least.~ Lindsey

Thanks, Hi Mickey,While typically I advocate for retaining properties for rental benefits, selling can be the right move under certain circumstances.

Are you talking an airbnb type of rental, or are you talking about housing people- such as forever renters- who may have a job, or may be relying on governmental help for all they have?