There's only a handful of these in the Bonita market that meet the ideal criteria for your strategy, but they're much more prevalent in Fort Myers.

Does that operational aspect have to devour all cash-flow, no not necessarily but it could, all depending on situation specifics right. 

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

This sort of thing is market specific.

Proportional leverage (like 27% LTV) isn’t specifically required, but if you don’t reinvest the full amount or fail to replace debt, the difference will be taxed as boot.

Not listing an investment (s) because it was done under a different” criteria than the current criteria2.

If you have specific questions about property management, I'll be happy to help!

Personally I will not work with them specifically due to this fee.

Is it simply that I find the average sales price of a 5 acre tract of land within a specific radius of my property in the year that I inherited it?

CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.