System Controls and Thermostat Check: Verify proper functioning of controls and thermostat for accurate operation.

They were supposed to be professionals and should have been able to function in a "normal" economic environment - all mine are performing in this environment....

I just don't like the functionality of the Schlage.

Their diligence barely scratched the surface, and their entire business plan was held together by assumptions that had nothing to do with how those markets or asset class functions.

Used Google Sheets and the PMT function to calculate the below assumptions:Monthly NOI: $1,586.60Divided by 1.25: $1,269.28 paymentLoan Value: $164,453.66Downpayment: $54,817.89Price: $219,271.54I know the owner of this property and doubt they'll sell it for less than $600,000, so it's not going to happen. 

On top of that, there is usually a delay while waiting for parts to arrive and then scheduling a second visit, all while the tenant is without a functioning unit.At that point, replacement starts to make more sense for me.

You came to the right place to build your network and knowledge base.This community is full of helpful tips and solid local Real Estate contacts.To make the most of it, use the search and keyword alert functions to find topics and people of interest.All the best!

When underwriting your first purchase, I’d encourage you to run the numbers so that once you move out, the property is cash flow positive and functions as a true rental.

Over time, this doesn’t just tweak the system—it reshapes how mortgage lending, equity, and capital markets function.

It is a large and growing market, and buyers are often willing to pay a significant premium for the lifestyle flexibility these homes provide.For many buyers, this type of housing functions as an insurance policy against having to relocate again.