I am pretty handy and I really enjoy it, so it was tempting to do a lot myself, but you quickly find out that you can only do low-quality tasks such as junk removal, demo, painting, ob clean up. 

Purchase price: $299,900 Cash invested: $350,000 Here's what one of our buyers bought from us: 3 Beds / 🛁 2 Baths – 1,156 Sqft💡 New Roof & A/C | Clean but outdated💼 Flip or hold — strong comps, strong rentsHere’s the breakdown:💵 Purchase Price: $299,900 (Site Unseen)🛠️ Est.

Check references.Even if you have to pull credit, this all won't take more than a few days, at most.Meanwhile, is the title clean? 

Markets shift, expenses rise, and if you’re not running your numbers regularly, you might be holding onto something for emotional reasons — not financial ones.Curious to hear from others:Have any of you pivoted from short-term rentals back to long-term holds or sold off a property because the math stopped working?

Easy to clean and safe. 

Also, any advice on where I can purchase the materials (carpet / vinyl / paint for the interior / kitchen cabinets / bathroom tub and screen door) needed for the renovations at a lower price then what I can get from regular DIY stores?

I have a network of tax professionals and can also assist with getting their P&L cleaned up.

Then you tack on the cleaning, repairs, landscaping, etc.You are correct that the dad is trying to intimidate you. 

I asked if the “building coverage” covered clean out after something like a fire.

If you have regularly accepted late rent up to the 15th day of each month then they could also use that as a defense that they can keep paying you up to the 15th each month even with late fees (which may or may not be enforceable in a given city or state) and that you must accept it because you have accepted it before.If they are nevertheless reliable tenants and you do wish to keep them then you could continue to lease it to them and even renew the lease in another year, but begin to curb acceptance of any late rent beyond the 15th of each month.