The property’s suitability as the taxpayer’s principal residence materially changes.c.

Hello All,
I just got the 2nd unit of my first house hack duplex ready for tenants and am using a realtor to lease the unit.
I am using a realtor to fill the unit as I have limited time and also wanted to learn from...

So, might be more suitable for a small family, which is why I'm more inclined to add the washer and dryer. 

@Shelita Compton depends on your current returns and investment strategy, but most investors would advise holding unless you 1031 your capital gains into another suitable cash flow property.

The other option is that he continues to pay rent until a suitable tenant can be found to replace him (or the lease would normally expire).What does his lease say regarding this issue?

I always find the land first, determine its suitability for my needs (zoning, valuations, rental rates) then develop the plans to suit the lot. 

It would be a great opportunity to explore, and I think you are fortunate to have a property suitable for that particular operator. 

To better gauge suitable deals/advise, here are general notes: Age: 23 Years OldLocation: Live in Central New JerseyIncome: $115K Net (From Rental Income and Full Time Job)Credit Score: 765Experience: Own one 4-family.

Their favorite form of travel is to latch on to a visitor who brings them home.You are going to have a VERY hard time pinning costs on a resident. 

I can try to help in the areas I have suitable knowledge and experience.