Modify the bathrooms to meet requirements and decrease liability.I would consider that application but the lease agreement has to be spot on and the deposit substantially larger.

Stress level: Olympic.The 2.5-Year GrindWhat should’ve been a quick stabilization turned into a 30-month, “is this thing ever going to end?”

Cheap finishes create more repairs, more downtime, more stress, and more equity loss every single time.

IRS audits and penalties: Studies that are poorly conducted may be full of unsubstantiated assumptions and errors that can lead to expensive audits and large financial penalties from the IRS.Long-term issues: Dealing with IRS audits and having to correct inaccurate studies can be a drawn-out, stressful and expensive process.

.• Optionality: selling preserves flexibility during a high-stress life phase; holding makes more sense when reserves are strong.• Future upside vs present strain: appreciation is theoretical, monthly outflow is real.There’s no wrong answer here — just tradeoffs.

I’d keep the house and make it boring by putting a local property manager in place so no one is dealing with calls, repairs, or stress from Tampa.

When the sales inventory of homes decrease so does the rental inventory, but, there is a lag of about 8 -12 months.

I haven’t personally built full underwriting models or written IC memos end-to-end, but I’ve spent years reviewing them, stress-testing assumptions, providing feedback, and helping determine whether deals were good or bad investments.What I haven’t done is originate and execute a deal entirely on my own as a principal.Specifically, I haven’t personally:Sourced deals directly from brokers as a buyer under my own entityRun a full acquisition process independentlySet up banking, accounting, and reporting systems from scratchSelected and onboarded property managers and construction teams independentlyBuilt investor systems and reporting infrastructure from zeroPut legal documents in place for a new investment platformFully controlled the capital raise, including locking in commitments ahead of bidding with confidenceConceptually, I understand how all of this works, but it still feels theoretical because I haven’t personally owned every step.

I’d also add that your early days as a first time buyer are a bit stressful because you don’t know who to call for various issues that may pop up with the property.

It feels like proof.Real experience.Documented track records.Scar tissue.Clear explanations of what went wrong, not just what went right.In real estate, the conversation is shifting from how well something is marketed to how well it has performed across time, stress, and change.