We’ve lost several months of rent, need to cover repairs to get the property back in proper condition, and never received the previous tenant’s security deposit.

If that’s not possible, a structured transition is needed where the outgoing PM services all existing reservations through completion, and the new PM begins managing new bookings only.Best practice during any PM change:Establish a firm transition date in writingDocument all upcoming reservationsClarify who is responsible for in-house guests and future bookingsTransfer logins, payout methods, and communication accessAvoid any guest-facing disruptionThe priority should always be continuity and protecting listing performance.

You have 3 options to deduct the full cost of appliances:- repairs under de minimis exception, as mentioned by Christopher- 100% bonus depreciation- Section 179Each method results in a 100% deduction, but they still have differences. 100% bonus is often the best method.

Pricing, photo quality, description and clear tenant requirements all impact response rates.Are you offering any incentives, such as a reduced security deposit or a first month concession?

Now for the bad news - you provided a 95% LTV loan secured by a mobile home, so that’s a huge negative (increases risk).  

Off-market deals and connections with local agents, contractors, and property managers will be key since they can help you avoid overpaying and secure reliable tenants.

Our plan is to use the BRRR method to begin our journey.I have a question for you: Where can I find the detailed information you provided so graciously?

Anyone have experience in securing DSCR loans? 

After a year or so, you could then qualify for another FHA or conventional loan on your next property while keeping the first one as a long-term investment.If you are thinking about using the BRRRR method for your first deal, I would be cautious about taking on a property that needs too much work or has a lot of deferred maintenance.

The key is verifying scope, materials, install methods and checking references, not just the brand name.