📅In this session, we'll cover everything you need to know about preparing your retirement accounts for 2025, including:✅ Contribution Limits✅ Fair Market Valuations (FMVs)✅ Required Minimum Distributions (RMDs)✅ Key Deadlines to RememberMake sure your IRA is in top shape for the new year!

Our other rentals in completely different areas, we have a duplex in Penfield (east side suburb, our primary residence) and a duplex in the south wedge.

Never had a problem with mine at my personal residence then again I'm sure tenants run it hard. 

Investment Info:Single-family residence buy & hold investment.

@Mary Lopez I'm also a California resident investing the mid west. 

Quote from @Donald Hatter: Pros:- Builders have many homes to sell at one time so it is easier to negotiate a better deal than with a home owner in the same neighborhood who is trying to sell their primary residence - Buyers bust out of deals all the time and builders don't like holding completed homes- Lower maintenance which leads to easier property management expenses.  

And why is it that every single home - whether its a rental cabin or primary residence - doesn't have to have a sprinkler system?

Also, be prepared for paperwork and some level of bureaucracy, but keep in mind that if you’re willing to work through it, the rewards can be substantial.

There are companies that buy properties, renovate them, place a resident in the home, sell to an investor then property manage for the investor as well on the back end.

If the residence is inside a gated subdivision or a controlled-access buildingthat is governed by an owner’s association, a letter from the association acknowledging the use and grantingaccess to occupants of the rental unit will be required as part of the application.A short-term residential rental requires a Conditional Use Verification (CUV).A short-term rental use is unavailable and prohibited within a residential unit or a room within a residentialunit that is located in an apartment building.