I'm sure some policies have all kinds of language in them, but if it guarantees me full replacement that is what I would expect otherwise my granite counters would be replaced with laminate and my tile and hardwood replaced with vinyl and the cheapest carpet.

I ended up spending another $7,000 to replace the dirt.

Target cities where housing demand exceeds supply—this drives up both property values and rents.New Companies Create Replacement Jobs: The average life of companies in the US is 10 to 18 years.

(I do much better than that because I buy correctly and I don't "over do" the remodel)6) Remember, you make your profit when you buy (buy wisely)7) Flipping: Is it Fun?

Since this situation was so egregious (IMO), I would either boot them out now, or at least have a serious talk, real serious....If you're going to let them stay I would just get a really deep cleaning done, maybe a couple, and then replace carpet after they're gone.

Over the years some exterior maintenance needed, soffit/facia repair/paint, rubber roof on porches, new boiler, new breaker, new washer/dryer/microwave, tree removed, porch rail replaced....

I would suggest getting another full-time job for the time being and investing/doing STR on the side until you can fully and comfortably replace the income that you would be receiving from your job.Is your LTR in need of repair?

Quote from @Jeremiah Dunakin: Quote from @James Wise: Quote from @Jeremiah Dunakin: Quote from @Bruce Woodruff: Hourly rates are not crazy for skilled labor nowadays...what gets my attention is that the Handyman works for the PM.

My advice is to be wise but continue.  

Tax-wise, rental income flows through to your personal return in either case, but transferring the title later could affect depreciation schedules and property tax assessments.