I’m committed to keeping my options open and continuing to learn about being a landlord to ensure I’m well-prepared for my first purchase.To improve my ability to analyze deals, I’ve developed a two-part plan:Join a local BP meet-up group to discuss my goals and support others.Continue learning and engaging with the BP forum.Thank you again for your guidance—it’s truly appreciated!

However, this could limit your ability to complete a future 1031 exchange with that property. 

You also have the ability to re-amortize the loan to suit your timeline.Let’s say I have a $500,000 interest-only mortgage on a property.

If you don't have the relationships, hire someone who does.This is why Brian Burke can go “large corporate” while I have to stay “small private”; he has the ability to MANAGE PEOPLE that I do not.  

And I feel the ideal portfolio can benefit from the diversification of both.I feel directly owned properties are great because they give me maximum control and the ability to tweak them exactly how I want.

Landlords have limited ability to raise rents, and the market standard is that rents drop. 

I emphasized the quick closing timeline and my ability to pay cash via hard money financing to strengthen my offer.

I would not renew the lease based on multiple violations you noted, but also because you are jeopardizing your good tenants' ability to enjoy their living spaces.

In the last few years, they've made illegal:-Rent controls of any kind-Limiting of fees or screening charges-The ability of HOAs to regulate STRs or LTRs in their neighborhoodThat's just the start.

Dan makes a great point - you want to be clear of any areas that are working on limiting the ability to rent OR cap your rental potential.