We’d lose about 70k selling at appraisal value, and comps have rent at around $4300 which would be far short of cash flowing after maintenance & management costs.Looking for creative ideas on how to execute this move as painlessly as possible.

Plus, since the house is fully renovated, you’re likely to face fewer maintenance costs in the near term, helping maintain that cash flow.2.

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.

If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

Condos can be steady and safe, but will not have the appreciation potential that single-family homes have, but also come with less maintenance.

It’s a simpler process and ensures that some basic maintenance is taken care of without the complications of refunding deposits.

Sometimes I get on the phone with people and they tell me they factor: 10% vacancy, 10% maintenance, 10% cap ex, 10% management.

Many people are suggesting to do a 1031 but have no idea what your gain / tax is(if any).Co-ops in the tri-state area 'normally' don't appreciate a crazy amount.The main reasons is the high monthly maintenance costs, over-leverage of the board, potential difficulty of buyers getting a mortgage and the approval process of the buyer.With that said, talk to your CPA to discuss what your gain / tax would be before thinking about a 1031 exchange.If your tax burden is low, don't bother with the 1031It may be possible that you have suspended passive losses to cover your tax burden.best of luck.

We also do not notify tenants of grass and bush maintenance we provide as that is not entry to the unit.

Reserves: Savings account that I place reserves for maintenance, Capex, vacancy, etc.