Also you risk triggering the due on sale clause when you move a mortgaged property into an LLC.

This can trigger unfavorable tax rates when the property is sold, plus there are potential loss limitations, transfer issues, distribution problems, etc.  

Scrutinize financial records and forecasts to ensure they align with market trends and property performance.Legal and Compliance Issues: Zoning violations, unresolved legal disputes, or non-compliance with regulations pose significant risks to your investment.

You'll need a lease, an option contract that will then trigger a purchase contract.

The penalty will trigger upon sale OR refinance.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

Tim is a great resource and may be able to do some consulting to bring you up to speed, but you are still going to need a small army of vendors to get the task done.If you are set on self managing our company offers lease only services, at least that way you can get a fully screened tenant, with a lease template written by licensed attorney's and be in full compliance with renting. 

Proper maintenance, safety guidelines, and ensuring compliance with local laws are crucial.

There are others but these are the markets where we pulled the trigger in the past that met this criteria.

Keep us up to date on your next chapter and continue to share how your experiences and colleagues prepared you to continue pulling the trigger in real estate investment!