It's very possible that whatever change might happen won't be in affect until 2026 also.It's also worth noting that any depreciation taken for the property for rental purposes doesn't become part of the Sec. 121 exclusion should you choose to take that in a future year.

GC is on the account for insurnace purposes but has no checks We write all the checks to the subs..

New posters often do not understand the purpose, procedures, and people on BP forums.  

Go to line 4.Since you and your spouse live in Texas, a community property state, you are eligible to treat your 50/50 LLC as a disregarded entity for federal tax purposes.

@Kristin Vegas- You are going to need those invoices to be able to write off the repair expenses for tax purposes, so if this PM isn't willing to provide them, you should look for a PM that does.

I don't purposefully exclude certain groups by catering to only a few.

I do know the market and shortage for LTR purposes.

They do this on purpose so new people get tripped up in the process and quit.

There’s almost zero chance someone is doing it on purpose unless they are running the water even while trying to sleep.

I wrote the above for informational purposes.