This is usually the fastest way, with less documentations.If you’d like, I can put together a draft term sheet once I have: Current rent roll & leases, rehab budget (line items) and exit strategy.

If you are good with that kind of work and coms then perhaps the lower tiers will work for you.Overall though its a great very flexible platform, and working in it on the leasing agent side has been great. 

What does your lease state?

Do keep an eye on rents as we've seen our small multifamily properties take longer to lease than in the past due to the increased supply and amenities of larger multifamily properties.Best of luck! 

They lease one of my listings and then they use the home for short and mid term rentals.

Big picture: your takeaway is spot on—this business can cash flow well, but risk management (vetting PMs, reading leases closely, maintaining a cash cushion) is everything.

Do they meet at lease 3x rent amount in monthly income?

Better off doing a Lease-Option or Land Contract unless you're desperate!

Hey @Mina Spice, are you wanting to lease to a sober living operator or run the homes yourself?

Here’s what to consider based on your situation as a first-time landlord:Tenant Backs Out After Signing a LeaseSince your tenant signed a 13-month lease and paid a deposit, the lease is legally enforceable unless it includes a cancellation or early termination clause.If no such clause exists, the tenant may still be liable for rent until you secure a new tenant.The agency can generally retain the deposit to cover unpaid rent or costs related to re-listing.Any resulting legal fees or rent loss may be deductible on your Schedule E when you file taxes, as part of rental-related expenses.Appealing Your Property Tax AssessmentIf your property taxes increased significantly, you can file an appeal with your local assessor.A successful appeal, supported by comparable property sales or valuation errors—can reduce your property tax bill, improving cash flow.While insurance premiums are not directly tied to tax assessments, a lower assessed value may affect premiums if your policy is based on replacement cost or uses assessed value as part of the underwriting model.Should You Put the Property in an LLC?