Last year we lost $3500 total. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Ive had great success over the last 6 months I've been doing it with consistent bookings. 

Kennesaw city had an eye on us and made us pull permits for putting up dry wall in the basement.

If you have not refinanced in the last 3 years, which from your LTV it seems highly likely you have not refinanced recently, your current rate is likely far less than the current rate.Because of the combination of the prop 13 discount and loan rates that may be less than half what you could get for a new MF purchase, I recommend you continue to hold your current property.  

As with any market, there are areas that are not poised for long term appreciation - Sunnyside, South Park, Acres Homes, etc. 

For a short time some lenders decided they didn't want to be responsible for escrow and I don't think that lasted very long. 

It’s great to see you exploring STRs in New England, you’re absolutely on the right track thinking long-term about transitioning from W2 to real estate.

@Ashlee Perry I noticed that but there was a pretty big jump over the last 7 /8 years in price. 

@Jessica Yuan you are entering RE at a challenging time were a lot of long time investors are sitting on the sidelines when it comes to but and hold.You will qualify for a little more if you but a multi family as part of the rent goes to the income qualification.