Focus on areas with sustainable taxes and long-term rental demand, targeting groups like college students, young professionals, or travel nurses.

As the new property manager, you have the authority to enforce its terms.

- Are there other lenders you’d recommend for refinancing rental properties that might have a smoother process or better terms?

After all, you have no evidence they agreed to pay rent or any of the other terms.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

Much better as a short term acquisition strategy for flips IMO but always a high-risk strategy that should not be practiced by anyone who doesn't have the liquid capital to pay off the loan if needed.

These type living arrangements are primarily short term until user circumstances change

A short-term rental with a stay of 7 days or less + Material participation =also non passive.

This allows for deferral of capital gains taxes until December 31, 2026, with potential reductions in the taxable amount if held long-term.