Before entering, it's important to wear protective gear like gloves, masks, and sturdy shoes to protect against hazardous materials, such as mold, sharp objects, or biohazards like needles.

Hi @Andrew Pierson SFR are tough in NJ. 

I am not necessarily scared of the age, but more so weary of the cap ex age and building materials.

Our average online rating is 3.5/5, which is 60% higher than the 2.2 star average of traditional property managers.Sometimes we need to make a tough decision in favor of one side of the landlord-renter transaction and at a negative impact to the other side (i.e. deducting security deposits).

Additionally, I have access to cabinets, doors, and other materials through trades with a friend and uncle who own 100+ doors between them, but still budgeted funds for replacements if they can't offer some. 

Not trying to discourage you but it's tough.

It's a tough numbers vs ethics dilemma. 

Those scenarios are tough to come by to get those kind of rates though...Cheers!

@Sanil Subhash Chandra Bose I totally get where you’re coming from—local markets can be tough to find good deals.

I have not heard of an extension as of yet.Your 100 hours is related to material participation for STR not the real estate professional status, they are two separate items but in a way can be connected (kinda).I'm not sure what you mean by "sell it for no bonus depreciation recapture" because you are required to take depreciation, if you don't the IRS should calculate your tax as if you did.Your head is in the right place and I wish you luck but would highly recommend consulting with a tax professional before proceeding if this is your plan.Best of luck Dennis!