I would consider taking over a turnkey property there but wouldn't advise investing in a conversion unless you're going super luxury or simply want to enjoy the area yourself frequently.

I’m simply going to have to restate what I already said and stick with that. 3K is small as far as a hold back.

So, let's not put him down simply for asking for help here.

We had a unique ability to rescue these most folks simply did not have the same abilities.

With inflation normalizing, the Fed is simply returning rates to a neutral level and they are guessing at the pace of cuts to get there (just like they guessed (wrongly) when keeping rates too low).

I told them I hadn’t asked for any, I simply wanted out I have never found a guru who honored refunds.

I simply thought putting it out there in the Forum might keep someone from unknowingly buying something that might leave you out to dry.

If the house value goes down, the tenant has the option to simply not purchase and you would keep their option money.

I think you need to start by figuring out what you’re near term goals are - are you wanting to generate enough cash flow to offset W2 income, are you simply wanting to supplement your retirement, are you looking for significant tax advantages etc.

.  --- and... these issues become issues for the other Tenant and then turns you into the constant 'utility police' because you constantly have to monitor # of occupants... eww. 50/50 is simple and simply understood and 100% while vacant is also simply understood.