However, when if lender was to inform me that a certain pre-paid fees is refundable after closing, I would have instead negotiated to refund at closing by instructing the closing agent to ensure that refund is credited to me on HUD1.

They will supposedly first pay you back your initial earnest money with interest within four weeks of signing their NEW RELEASE AGREEMENTS as a show of good faith if you get in touch with their attorney (send me a private message so I can send you instructions to get in contact with their attorney), and then the remaining outstanding deposit with interest within two months after that.

The real question is do you know the risks and hidden costs?

Be sure guests have clear instructions on how to get to the property, how to enter, how to connect to Wi-Fi & use amenities, how to check-out.

Memphis holds a lot of hidden opportunities.

She then circumvented those instructions and demanded he install hers.   

Mine are: not left unattended (still happens), not allowed on furniture (or if allowed, only on towels or blankets brought by the guest), and please pick up and dispose of poop responsibly (along with clear instructions where the trash is, etc.).We do have exterior cameras (I highly recommend) which is how we track some compliance.

.🏆 Current estimated value: $3.1M, with strong cash flow and long-term upside.Highlights:Located in a quiet, high-demand rental pocketStable occupancy with low turnoverLight value-add strategy—small updates, big impactSteady performer in our Cleveland-area portfolioThis property was a great example of finding hidden value in an already decent building—and letting good management do the heavy lifting.

This property could get $1800 for unit A and $500 for unit B (I will be sharing the other room).Here are the estimated numbers:Purchase Price + repairs+hidden surprises: $320,000Interest Rate: 3.99%Down Payment: 5%Expenses:Mortgage: $1,502Property Tax: $344Garbage fee: $22Insurance: $100Utilities (not paid by tenant): $200Maintenance & CapEx (10%): $216Vacancy (5%): $108Total expenses: 2603Total Income: $2300 Cashflow: -$208 (I am no longer paying $1200 in rent, should I be happy that I am actually saving $1000)when I move out I can charge $1200 for the unit B.

Talk to locals early – Once you have a few target cities, jump on BiggerPockets forums, reach out to property managers, agents, or investors on the ground to ask about real rents, turnover rates, and hidden expenses that don’t show up online.