I am not keen on returning any of this money back to the main tenant as it is very evident that the damage he has caused on the property with a rotating cast of characters and a pet is likely significantly higher than $2000.5) Legal fees and other costs: Can we include a demand for unpaid rent, legal fees, and other costs in the eviction process for our tenant or does this have to be a different suit?

Given that he's got a long history in business but is struggling to cover $30k in Op-ex and marketing spend, my guess is that this is either not very well managed or is in distress.

I specialize in str Management And would be happy to go over your listing to help increase bookings.

Honestly, I've been getting screwed with some big ticket issues (related to HOAs, selling different properties, continual unforeseen maintenance and costs) and this one really crushed me once I realized it was an actual issue.

If the property can be sold, pursue a short sale for its current value whatever that may be after considering the cost to remedy these issues. 

I’m planning on getting a Property Management company as I live out of State in CA.

If a Cost Segregation Study had not been performed on this $60,000,000 multi-family property located in Murray, UT, it would have had first year depreciation of approximately $1,963,636.

They drove up for a week to look and managed to rent a 2 BDR in a 3-plex for $1650.

Does anyone have recommendations for a local property manager? 

The question for seasoned investors is, are mentorships worth their cost, or is doing your own research just as good?