I run an AirB&B (with superhost status) in my home so am accustomed to sharing my space with others and being respectful of other's personal space.

Should we bother trying to wrestle with Trendmaker or HVAC company, who has since rebranded, for compensation (all of this did lead to significant health issues which is another story entirely as well) Question #2...

Contamination is where it can get a bit pricey, when the contamination remediation is said to be complete make sure that the property gets a clean bill of health from the state.

You likely won't be able to offset the rental loss with your W-2 income unless you can claim real estate professional status or operate it as a STR and self-manage it.The answer won't change even if you own the property inside of an LLC.Best of luck.

That is where I draw my take on Sell/Rent my biggest fear is the "What if Factor" - drop in tourism, association comes under litigation, hurricane (This season looks like it will be "Very" busy), Sickness or health issues or other.

Financial Preparation: Determine how much you can afford to invest and evaluate your present financial status.

The neighbor who is living there has developed a pretty bad mental health issue and has become very erratic and displaying violent behavior even threatening to kill me and my tenant.

CONTEXT-(30k in credit card debt, split between 4 cards, mostly in charged off status)(one vehicle loan that was charged off, is now caught up to current, not paid off, 50k original loan amount)(some card companies are contacting me trying to make a deal, so likely only have to pay 20k of debt off.

Value add, which means a non-performing asset wouldn't even achieve a yield on cost of 7% after rehab and brining it up to performing status in Dallas.

The fact that it loses money is somewhat mitigated by my tax savings at year's end (I have RE professional status).You just have to keep in mind that although there's a lot of tourists to the area a lot of them are cheap bastards that gravitate towards the lowest fares out there, and there's so much supply especially in the last 2+ years that it's a serious race to the bottom as you're competing with people who bought at $150-200k 10-15 years ago, never fix up their place and don't care if they rent for $99/night.