Putting numbers on it would help give you more accurate guidance.

Thanks for all the helpful info.

To help those people in crisis that’s causing a severe strain in our system and community.

@Bennie Smith we've got a map at our website that we spent quite a bit on, to help investors understand what Detroit Neighborhoods they may want to invest in.DM us to discuss more as Moderators may delete this thread if we cover too much here.

•Get advice from a tax professional or CPA – If the IRS considers this a related-party transaction, they can help you navigate the rules to stay compliant.

My requests for other matters through MFM have gone nowhere and even after requesting a refund and some help with Prime they sent me a video and an email with a special offer to renew for another year.

Hope that helps in some fashion!

@Anthony Wick hey Anthony, not the first property we have owned, I sold a duplex to help pay for most of this purchase, and have a home in Park City Utah that has a mother in law apartment.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

It sounds like you might be in the situation I'm in: buying a vacation home that I plan to use as a STR when I'm not using it so that other people can help pay my mortgage.