What really drew me to this project was the chance to combine strong, predictable cash flow with a mission-driven purpose — creating housing that changes lives while producing sustainable returns.

In Fayetteville, NC where the rental market is strong and it was only a 10 minute drive to downtown and minutes from a well- known University.  8-plex that needs minor improvements to get market rents: parking lot sealing, new front sign and painting of exterior.I thought this was a solid deal with an asset that would be a win / win for both of us.Thoughts?

As a PMC we really don't even want to manage them as they rarely perform and owers blame us.To have any chance of succeeeding, you'll want to find a "starving" agent willing to do your video walk-thrus, showings and check up on any maintenance you have done.

Hi LynnSince you already had to gut the lower unit, this is a chance to think about long term value.

Also, you need to do a price improvement.

I would look into this because there's a good chance you will have to sub out many of the scopes rather than perform the work yourself. 

Starting small is fine, but having a plan to renovate can really improve cash flow and reduce turnover

There's a chance that I could also add $1000 passive income monthly in addition to the $2,000 I net currently for this property. 

Translation: softer labor data may give buyers improved affordability as mortgage rates ease.🏡 Existing Home Sales Edge LowerExisting home sales slipped 0.2% in August to a 4M annual pace.

Meeting material participation rules is also huge, dont miss out on QIP tax savings for STRs, and a good CPA can guide you through all of that.Planning improvements or new furnishings strategically can impact which tax year you claim deductions in and help you reinvest more effectively.On another note, Tennessee is a great state for STR investing.