During inspection it was found that the upstairs bathroom toilet is not working (plumbers came and could not fix it) and the washer machine in the basement does not work and has stagnant water. 

As I take on more properties under management and also add to my own portfolio, I pan to hire my own W-2 employees but this will begin when I hit 50+ doors. 

You can start by doing STR in one unit and long term rental on second unit until you see how it pans out.

The sump Pump stopped working and made a mess due to something a previous vacation renter flushed down the toilet.

Contractor total was $257,684 (labor, rough materials including shower enclosures, new bathtub and toilets).

These factors can increase the risk involved and potentially lead to financial challenges if the short-term rental strategy doesn't pan out as expected.Considering all these factors, selling the property could be a prudent decision to limit your financial exposure, reduce risk, and provide you with the flexibility to explore other investment opportunities.

Week 1 Status:Permits have been pulledDumpster and portable toilet delivered to site Trees overhanging the house were trimmed and fallen leaves clearedGarage was cleaned out and exterior scraped for painting.House clean out is in progress, along with kitchen and bathroom demolition Roof replacement will begin on Friday (delayed because we had rain)Stay tuned for weekly updates. 

Toilet seat down.

SOME (not all) of the key players that active investors and General Partners (GPs) in a syndication must build and lead are the following:- Property Manager (Management Company): While self-managing the multifamily properties once they are acquired is an option, many active real estate investors choose to outsource the hard but necessary work of finding new tenants, responding to tenant complaints, fixing toilets, and other routine operations.

In the process of revamping the kitchen (keep the cabinets but whitewash them, I do not like the current ubiquitous NYC "yellow" wood tone, also new backsplash, new stainless steel fridge, I may keep the current stove even though it is not stainless steel as it is fairly new and nice w vent, I may keep current countertops or replace w white granite as they are small in area) buy new toilet, the current is old and small, but the rest of the bathroom is nice!