What ********.1) spent $250 for 60 days notice of termination to tenant back in July (stating owner will move back in October and take house off the rental market; within the laws and does not violate covid non-payment); also tenant rekeyed house back in April, in direction violation of lease agreement2) October comes and tenant still there, providing statement of covid hardship and states she doesn't have the financial means to move and will be staying put3) spent $1600 to eviction attorney to proceed with the serving in October4) tenant's attorney replied back on 12/1/2020 stating to give them a 60 day extension so they will be out end of January (to which I agree to)4) finally got a case number (trial is set for Monday, December 21) which happened yesterday; but now they are continuing to bull **** (the nerve of them to ask for one month security deposit back and I should forgive them of all debt and not pursue small claims court if they move out by Feb 1)5) I told my attorney ********, no way are they getting anything back from me and I will pursue small claims court for all back-rent owed plus property damage plus all legal fees6) so the trial continues and will re-convene back on 1/21/2020What a load of crap.

Keep an eye on those delinquency rates and ensure that the property manager is proactive in rent collection.Maintaining open lines of communication with property managers is also part of the process.

Ensure you thoroughly evaluate the lease terms and have a strategy to manage potential delays in finding a buyer.Best regards, Stevan

Additionally, there’s always a risk that any pet-related damages could be hidden under furniture or otherwise concealed, potentially leaving us to cover the costs if the security deposit is fully depleted by other expenses (e.g., damages or unpaid rent).

Keep detailed records of payment dates and amounts and consult a tax professional to ensure this strategy aligns with your overall tax planning. 

For liability protection, consider umbrella insurance, and ensure your accountant understands rental properties qualify for deductions without LLC ownership.

I am subletting a property that I am planning on purchasing the set up where instead of any type of security deposit I am re-having the property which is necessary before I rent it out.I will have about $20,000 in expenses all before I purchased the property.

It depends on a lot of factors; primarily the local jurisdiction rules that may limit lease changes (in Portland/Oregon rent, security deposit, screening fees, an no-cause evictions are heavily regulated).

Even with trump's aggressive plans for mass deportation and border security, I also have to think long term about future presidents' agendas towards border control too, and anticipate potential presidents being more loose on border security.

Consult with a tax advisor or attorney familiar with both partnership law and real estate to ensure compliance and minimize tax liability.Once under a TIC structure, 1031 exchanges for individual members could allow them to reinvest proceeds from the sale of properties into new ones without triggering immediate capital gains taxes.