Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

However, there is no specific holding period contained in the tax code or regulations and there is no "safe harbor." 

Who covers the tax bill when they don't pay the tax bill or the insurance? 

Hey thanks for your response.I noticed your YouTube videos, I’ve saved them to my playlist to watch.  

Use umbrella insurance as an additional safeguard, especially if you opt not to form an LLC.Avoid S-Corp taxation for rentals, as rental income is passive and not subject to self-employment tax. S

Honest... not great but we had other tax reasons to get into them.   

Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.

It wasn’t pretty, but that’s how I scaled up buying and holding 29 SFR without using my savings to acquire these houses.

Saving $10 to miss out on proper data that leads you to a $40k deal is not worth it. 

Out of my 32 properties, I’ve seen insurance rates drop by up to 40% on renewals, and property tax increases are finally slowing down compared to the crazy jumps we saw over the last five years.