I agree with your other reply that $10,000 is a paint job today, made me chuckle.. although with time you do get preferential treatment from the subcontractors you employ… but again I like that your rehab budget is this high.

We have increased management/cleaning systems and paid for monthly pest treatment to stop this from happening again.

(They spent most of their retirement money paying for son in law's cancer treatment.) 

REP status does not guarantee treatment of rental income/loss as non-passive, to get that you need to document 500 hours of property management.

The property is in FL.I'm pretty sure the $500 won't even cover the cleaning costs and AC treatment.

Do you have annual termite treatment or do you just wait and tent every 10 yrs? 

PDX went in a little different direction to spur gentrification in these areas they gave TAX breaks and or tax moratorium for 10 years.. there are many homes and condo's that have this tax treatment and of course they sell over night who would not buy something that you don't have to pay tax on for 10 years.. but it cleans up the area its only for homeowners.

They did quote me for weed removal, lawn treatment and mulching.

This would be a good idea for people that are coming here for medical treatment at Sentara that aren't staying in the hospital and don't want to stay in a hotel, or a DoD contractor that is here for a long-term contract.

You also can loose the tax deferred gain on sale treatment.