The current tenant claims they were there when he moved in...... in going through my records, my move in agent and the tenants placing agent have no record of a move in condition sheet filled out by the tenant.Lease states that if the tenant does not submit one, the house is considered damage free.House bought in 5/2014..all new paint....one tenant previous for 12 months...this tenant for the remaining time until now.My agent did the walk through post last move out and did not note any issues where she felt I needed to repaint except one room, which I did.Since its so many walls in different rooms, the estimate is $1000 to repaint these areas.So the recent tenant is claiming they were there already and its normal wear and tear and is my responsibility to fix.My position is that there is no documentation of his claim and if he had just left them alone I could have fixed the issues way cheaper since it would have been done correctly from the start....it would have been way better to just leave a bunch of nail holes in the walls than have blotchy paint everywhereOpinions?

Plan is to rent 2 unfurnished/6 mo leases + 2 furnished short term/AirBNB.My house just closed last week and now I'm in the process of fixing it up cosmetically (drywalling over old 50's ceiling tile, ripping up old carpet + refinishing the hardwood underneath, painting, new floors everywhere that doesn't have hardwood).

i lease the property out or fix and flip itLease Option- i sublet the property and sell it through lessees.Any other strategies?

Both rental properties had a claim filed against them and received payout.Property 1: Claim for $21,000 was paid out to fix/replace roof, guttering and siding.

Note: I was told by a seasoned investor to look for good deals to fix up and only use my mortgage to buy the house and NOT the fix up expenses (because of the 5% interest rate)....

Even then tho I can see it's still cutting it close to break even or loss for the year depending on major fixes. $33,000 minus $29,000 = is only $4000  and that's not considering garbage or water which I will pay until their lease is up.

. - when posting for a message, if a subject is too long, there’s no edit/back function to fix it.

Keep the duplex, fix it up and rent it out, knowing that I'll never be able to sell it and the heirs could come along at some point and open an estate on the duplex3.

Then you also have the reverse situation... sometimes you have generic questions posted in the local forums (perhaps never to be found).This would fix both of those issues and might also identify right away what really is a jurisdictional issue.Just a thought.

if you are buying and holding, 30 year fixed is the right way to go.