@Raymond C WestIf you can't afford to pay a professional to set it up are you really going to operate it appropriately? 

You still may have negative cashflow, but it may be smaller, so is addressed by rising rents sooner.As a professional in the Build-4-Rent space, let me make some corrections here. 

We manage over 500 rental units in almost every zip code of Philadelphia, and our 2024 leasing year has been the most difficult in my 7 years of professional property manager experience.

Readers should seek professional advice.

Typically, I would recommend handling the notification portion yourself then handing the rest to a professional team that does this.Maintain rapport with daughter, tell her you have initiated eviction process.

Readers are advised to seek professional advice. 

Choosing a professional restoration company seems really important, especially for damage like water, fire, or mold.

Cosmetic repairs that don’t pose health or safety concerns are typically optional.Then be very transparent and communicate thoroughly to the tenant, as to provide a professional explanation for your decision forward. 

For example; young professional may trigger higher demand for smaller units.

Cost segs unlock these savings, but the losses won't offset your ordinary income from your job unless you are an RE Pro.Here's how to think about RE Pro status to make the best case with your CPA and the IRS:RE Pro Status starts with the IRS definition of a Real Estate Professional (IRS Pub 925).It is not as simple as getting a real estate license or working for a firm that provides real estate services.Ask yourself these questions to see if you qualify:Q1: Are you in the right business?