I'm looking forward to shifting my portfolio in the future to longer term tenants. 

Does the City have Future Land Use Maps showing a higher density?

We contacted several hundred banks in one day and continue to follow up with them regularly....numerous lists came in along with future lists coming to us as well. here is a short video on that first day of bank calling.  

Honestly, I’m hoping to move back there in the near future - but that’s for another time.

I work as a nurse, so I do normally have four days off per week that are free to explore real estate further but starting next month I will be working nights for the foreseeable future. 

Also, my insurance company said it would be the same rate regardless which option I go with.or do I stick with the cheapest option upfront like a shingle roofObviously the upfront cost/future cash flow will be hurt the most by the standing seam steal roof (although it could assist in resale value)Does anyone have experience on roofing or an opinion which is most ideal for this scenario?

I did end up passing on this but it’s good to learn and be more knowledgeable in the future to protect our investment but find opportunities.

I’m planning to take my broker’s exam in the near future to expand my skill set and deepen my involvement in this space.I’d be thrilled to discuss the current state of the market, challenges, and opportunities, and to exchange ideas with others.

Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.

This means no rental income or loss is reported for the current year, and the $3,000 can offset future rental income or gains.This post does not create a CPA-Client relationship.