They can't live clean, so get rid of them.

Most of our money has been invested in the stock market since we moved to the US in 2017, but we are looking to diversify and generate passive, long-term income.

You can open a business bank account, sign contracts, and handle expenses under the company’s name, keeping everything clean and organized.

Given your stage of life, this could be challenging but worthwhile if you’re confident in handling the stretch.Sell, and reinvest in cash-flow rentals: Using part of the equity to generate cash flow with out-of-state rentals could create a retirement income stream now while still capturing SoCal appreciation.

Do you have people ready to repair and clean the place lined up as soon as the last tenant leaves?

Our cost to do business vs the revenue a small loan generates would put us in the red.

The issue I have and would like to hopefully get some advice on is the below:In real estate specific tax strategies - it is my understanding that I would be able to generate significant “losses” through the use of bonus depreciation and other strategies. 

Trying to keep this as clean as possible. 

Then all you realistically can do is manage bookings, delegate to handymen for repairs and hire cleaning service.

My AC unit has another 3-5 years before it’ll need to be replaced so I’m thinking this may be a clean exit before large big ticket items start needing attention in the next 5 years.