When the market is more balanced, then it may make sense to buy a primary and convert it to a rental when you move.There are exceptions, but you will need to learn how to really analyze a property to know when the numbers make sense.

In that one, you can go into the forms mode on the Schedule E worksheet, then check the boxes "G - Other passive exceptions" and "D - Material Participation".By the way, if the average stay for the year is 30 days or less, you have to depreciate the property over 39 years instead of 27.5. 

Louisiana law states that any tenant who breaks a lease and leaves early (except under some circumstances, and this isn’t one of them) must continue paying rent for the duration of the lease or until I find a new tenant, whichever happens first.

Here in Memphis, the foreclosure notice usually lists that info with the exception of the property taxes. 

I now run several real estate and related businesses and am loving every minute of it…except for the mask mandate rules that change as fast as the weather.

I would also be looking to separate out the meters after the install and start charging tenants for electric with exception of the one that I'm running the solar thru.

***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

In my experience, once you really get rolling, aside from contractors, a good CPA and attorney are vital.

We use a product called Vital Oxide in our flips to neutralize odor and disinfect.

Maybe you are the exception.