Here’s what you should do next:Check the Lease: Look at your lease for rules on early termination and notice periods.Document Everything: Take photos or videos of the property to document its condition.Send Final Accounting: Prepare a final accounting of the security deposit, showing any deductions for unpaid rent or damages, and send it to the tenant’s last known address.Re-rent the Property: Start looking for new tenants immediately to minimize your financial loss.Consider Legal Action: If the deposit doesn’t cover what they owe, you can take them to small claims court.Keep Records: Save all communication with the tenant, like texts and emails.Get Legal Advice: Consulting a local attorney who specializes in landlord-tenant law might be helpful.Best of luck getting this resolved.Carlos

There are definitely ways to approach this with smart home tech while minimizing complexity for yourself and guests.

But if you think your going to roll 10k and have minimal reserves U are taking on a lot of risk your simply not aware of today..

I would recommend starting with something fairly small and close to turn key or with minimal renovations required.

He literally has never had income above taxable limit yet he has enough to put down money on a Santa Barbara OO home (Santa Barbara is expensive).  95% LTV results in minimal money required (or FHA at 96.5% LTV).  

You minimize your risk of being over leveraged, and barely making ends meet with the rental income. 

For me, passive income means generating steady revenue streams with minimal day-to-day involvement, allowing me to focus on other important aspects of my life, like spending quality time with my kids.

Check credit scores, rental history, employment, and references to minimize the risk of problematic tenants.2.

We need to discuss with a real estate attorney or a broker who is experienced in this, to identify the minimal set of applications and setup needed for this.

My aim is to preserve cash and minimize the down payment as much as possible.