Basically, they are a turnkey STR company. 

What are your thoughts on paying $35,000 towards the principle and refinance it? 

Basically he can do the white collar work but no blue collar work.

. $50k principle valued at $21k for Roth conversion.Here's a thread on BP started by @Dmitriy Fomichenko explaining this strategy in detail.

That being said, you would value it as a stream of cashflows using a discount rate (basic DCF modeling), just like any other cashflow stream.

In sum this tenant in general lacks awareness and seems to cause a lot of issues that could be avoided with some sort of basic effort when operating equipment.That said, appliance repair /replacement is my responsibility as per lease.  

I have 2 properties that are room rentals and they are working, location is the key.The basic problem is that if you end up living in one of these places, something has gone wrong in your life.  

If the numbers still work and you have reserves lined up, you have basically answered the question, “Is this safe enough for my first deal?”

For larger improvements, the biggest mistake I see is treating capital planning as a project-by-project decision instead of an operating system.A few principles that have worked well across multi-property portfolios:1.

As you build your rental portfolio, it’s worth putting some basic asset protection steps in place from the beginning.