Whatver you decide, you'll want to ensure the proper addendum is attached to the lease to specifically outline how utilities are handled and charged if charging tenants. 

•Ensure that notice is provided in accordance with any contractual obligations or terms with the current PMC, to avoid any conflicts.2.

.), ensure you budget for those.

I also like how you’re thinking about selling only when it leads to something better—it’s not just about timing the market but ensuring the next deal is truly a step up.

The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.

Location, Location, Location is really the best start to ensuring your jam packed throughout the year and not just seasonal.

Ensuring the safety and security of my guests and property is of utmost importance to me.

This demand helps ensure consistent occupancy rates.- Economic Growth: Milwaukee's economy has been growing, with a mix of industries such as manufacturing, healthcare, and technology.

It allows them to secure a higher price, but it's crucial that they ensure the buyer has a significant financial stake in the deal.

I would definitely ensure you know the ins/outs of each condo you're looking at, we've run across several situations where the HOA is a nightmare to deal with especially with a rental.