Kislay and Michael M. in particular, I really appreciate your professionalism and kindness in weighing in.It's been especially helpful to understand the role of depreciation in my tax situation, which I had not fully appreciated until now (pun not originally intended 😛).

The role of this property in my growing portfolio is more of cashflow, debt paydown, and just to get experience.

Maybe you could be more in a managerial or teacher role to others that need guidance in that specific work you have done in the past.

So we went into the commercial space and pivoted to self-storage.

That's why I want to leave the marketing, underwriting, servicing and potential default negotiations to the professionals.My role is to evaluate loans based on my needs and risk-tolerance.

Having a good GC is so pivotal in the success of the borrower. 

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Had I been in your position, I would have conducted thorough online research to identify these comps and assessed their selling prices before engaging with a realtor.In selling your investment property on the MLS, it's important to take an active role in the sales process and not solely rely on the advice of others… If the realtor suggested a significantly lower sale price without providing satisfactory justification or demonstrating a commitment to achieving a fair market value, I would have promptly sought alternative representation.

I do believe by taking an active role, you can make money on this purchase.  

If that doesn't pan out and I'm still alive, my plan C is to pivot to a fix & let, meaning I'll rent out the property for 6–12 months (on a monthly basis due to local regulations), and then re-release it to the market and try again.