Except I already had the property under contract.

It's a 2.5 hour drive away from NYC and at the time it was still cash flowing exceptionally well.

No issues on property, except a faulty leaky toilet that was fixed same day as tenant posted maintenance issue.

@Anthony Perry everyone's given great feedback, except for one thing - how long this may take!

Personally, I follow this standard for every application I receive:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)This process has helped me place quality tenants over the years.

Required again as of 12/23/24 Appeals Court:"In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN.

Talk to an accountant prior to doing the cost segregation study.You want to discuss whether it will be beneficial or not.In general real estate is considered passive which means that it can't be used to offset other forms of income such as wages, interest, dividends, capital gains, etc.However, there are some exceptions where the real estate loss can offset these types of income.best of luck.

Might be nice for your personal home but I do not think on an investment property is worth it - except for the marketing angle as people like our salt water pools.

No one understands (except the PM) why it cost $100 to send the maintenance guy to change $3 worth of batteries. 

Really simple process to get a term sheet and no upfront fees except appraisal cost that is paid DIRECTLY to the appraisal company.