PM’s I’m not defending the unlicensed plumber but that’s how so many of those companies make margin, if you want someone licensed the easiest way is to self manage a property (I have a duplex 1.5 away I self manage, have a great plumber, he’s literally replacing a hot water heater tomorrow while I’m 1.5 hours away) as far as the future, it’s really important to try to take the emotion out which I know can be difficult, is this a property that has had issues but can be corrected and become a profitable and relatively easy property to manage.

I can flex the rent based on bookings and area demand.

Work on setting your min/base/max first and then go into the customs for tht property and get your nightly mins etc set.

The cost is quite high considering your scenario, however, that's based on a shorter rate lock period. 

I'd hate to see you start with a BRRRR for your first project, take on something too big to chew off and go bankrupt and/or spend a year and a half on 1 project when you could have done 5 single base hits in a given year and built up a whole lot more networth in my opinion.

@Alan Asriants agreed, the vast majority of off market deals I see are in class D neighborhoods, the low price points make this market unattractive for a percentage based compensation. 

Here are some details: Top bottom duplex Purchase price 440kTurnkeyDownpayment - 55k Both units vacant2/1 upstairs - $1500 market rent (long term)3/2 downstairs - $2500 market rent (long term)Newly renovated Central ACSeparate electric meter 1 water meterInterest only payment for 5 years - $2567/monthTax - $500/month (appox)Insurance - $150/month (approx) Cash flow - $391 (after taking into account vacancy, property management, maintenance and capex reserve)ROI - 8.5%No prepayment penalty If used as Airbnb, ROI can be higher

If there was moisture coming through the slab in future or if there was water ingress - Will it trap water between the slab and LVP?  

I’m also looking at a larger property in south Florida listed for 750k and can possibly profit 4K per month on airbnb based on my comparisons in the area.

The challenging tenant irrelevantly refers to the other tenant’s sex life when confronting them.Multiple tenants have independently expressed similar complaints about the challenging tenant.Reading the lease ( Copy of Lease ) more carefully, we realize now that it could be stronger in areas of being able to terminate the lease - a lesson learned for future tenant leases.The challenging tenant’s lease ends in August 2024, but we were wondering if there is anything that we can do to terminate her lease early based on the lease that we signed.