In terms of selling a property, parts of Cleveland require a POS (Point of Sale) Inpsection, but I'm not too familiar with what all that entails.

That said, utilities that aren't directly attributed to a unit can be a pain in the neck because everyone is sure that the other unit(s) are using more power than they are.

Comparable property sales do not affect the depreciation basis, which is determined by actual purchase and improvement costs.

Simple and powerful. 

During Covid 1/2 of the houses in one of our Belize resort locations were up for sale.  

Purchase price: $170,000 Sale price: $220,000 Contributors: Peter Vekselman On December 10, 2024, Partner Driven and Erika Gilbert purchased a property on Shadow Ln in Dawsonville, GA, for $170,000.

I asked them, what do you usually short sale properties at %?

Power washing the exterior, repairing the driveway, and painting the front doorWhat was the outcome?

If I rent it out, I'll be hiring a property manager because I don't want to deal with trying to manage it from out of state.Some numbers:Purchased with 0% down VA loanPurchase Price: 189KMortgage: 172KRate: 2.25%4 Bed / 2.5 Bath~2400sq/ftBuilt in 1992Zillow Sales Estimate: 280KZillow Rent Estimate: 2,100/moRoof and AC are less than 10 years old.

@Sean Gallagher not a sales pitch, but this is what we provide for investors in Metro Detroit:)Understand that if you hire the latest & greatest PMC, many grow using poorly trained VA's. - Your portfolio will suffer:(You want a PMC that has great systems in place, including a great portal where you can keep tabs on eveything.You will also need to manage your PMC on a regular basis.