However, the whole point of making money is to live a better life, which includes caring for family.

 $9k/$72500=12.4% Rate of return (not including any closing costs which would reduce this return).  

I have properties all around popular spots, including smoky mountain.

The rate cap in January is currently priced at $747,000.The Capital Call funds will be used in the following ways:1) $4mil is being used to pay down the loan.2) $175k fee to extend the loan for 1-year.3) $2.247mil to cover interest rate cap extensions for the remainder of the hold period, including $747k for the January 2025 6-month interest rate cap purchase.4) $1,000,000 in reserves to prepare for additional extension fees and cash reserves.

This video is a great start and includes a lot of sample images (good and bad).

If the place is in decent shape I would offer to credit it toward the next month's rent and write addendum including no future pets.

Interestingly, the records do include the downstairs space as part of the livable square footage.

You will need to deduct the expenses and include income on a schedule E of Form 1040.  

Hello, I have a primary residence and about $10k in bad debt (not including car note, student loans and a small medical bill).

The property owner retains full ownership of the property, including the title, control, and decision-making authority.