Taxes, insurance or repairs, and then lose the property to foreclosure having pocketed what6 months or more rent payments with no expenses.  

Goes back to that original thesis in a thread long time ago-- quality over quantity.

They offer SFRs across the country (1031 eligible) that are fully triple net lease - meaning there's no costs to the homeowner, no vacancy liability, no unexpected repairs and maintenance, NOTHING.

I had miscalculated the repairs that would be needed to get the home back up to liveable condition and I had to go back to the seller to renegotiate the price.

.• Use some equity from the sale to make this transition smoother.I’m torn between maintaining our current home as an asset and buying  a new smaller house to use as a rental after we move back in versus simplifying and focusing on a single upgraded property Considering factors like market trends, potential equity growth, and quality of life, which path do you think would be most beneficial?

You cannot have a contract that simply states "install high-quality countertops" without specifying the quantity, location, type, or style.

Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.

These are good indicators of quality tenants.You can also adjust how much deposit you take as well.

When they eventually move out, I plan to do a full renovation to bring the unit up to high-quality standards and maximize its rental potential.I’m happy to connect if you ever want to chat.

Shooting for three 8 foot logs of high quality.