This is especially important if you have rented the property for 14 days or less as then your rental income won’t need to be reported.”https://www.therealestatecpa.com/ultimate-guide-irs-schedule-e/From Brandon’s article this year...What’s odd with posters mentioning they are getting swatted by tax pro’s when posting about tax is that either you are asking a question that you haven’t run by a tax pro and you don’t like the answer you are getting, or you have a tax pro and are second guessing him/her on this forum and still not liking what you are getting in response... neither of which we can control.Also you have to understand we have professional and ethical responsibilities, not to mention risk mitigation.

They are RE investors that tap the banking system for financing.Here's what I've read in terms of landlord responsibility:In NY the residential landlord has no duty to mitigate its damages and may recover the full value of remaining payments owed under the lease for the entire lease term even if the landlord makes no attempt whatsoever to offset, minimize, or cover its losses.Looking for some advise. 

Is there any benefit for letting the tenant reside there until we have a contract OR would you initiate termination ASAP to mitigate any potential marketing/sale conflicts with the tenant/tenant's family?

I work in the foreclosure/loss mitigation space and see lots of sad stories everyday from people who didn't take advantage of leverage wisely.

I do have bees and some evidence termites are in the area, can these risks be mitigated?

We decided to take slightly lower return by selling the property as a fully permitted project, and mitigate the construction and market risk.Lessons learned?

You should look for ways to mitigate your upfront costs as much as you can including securing the property itself.Bulk PurchasesIf you're renting from a property management company or a landlord with several properties that fit the profile and are in the right location then you can offer to do a bulk acquisition and to waive the security deposits and other costs.

I wanted to pay for everything but mitigate people using too much of the utilities.

A bad review or getting flagged by Airbnb are two scenarios where implementing the back up profile would mitigate the damage.   

It's easy to make a profit til the one mistake eats all of it, and that is just foolish when  mentor might mitigate that expense.