However, you can file Form 8832 (Entity Classification Election) to change the LLC’s status to a disregarded entity, provided you act promptly.If you don’t make the election, you’ll need to file Form 1065 by March 15, 2025, adding complexity but retaining the same tax benefits, such as deductions for depreciation and repairs.

If you have the budget for repairs if you rent it out, definitely rent it out!

When they move out and i paint over the spackle repairs it is usually undetectable. 

It's a good practice to overestimate costs and underestimate after-repair values (ARV) to keep your expectations realistic.

I'm totally good with some sweat equity but I'm not in a position to do Roof, siding, structural repairs and such.

FHA loans are a great way to get started with a small down payment, but make sure you have some reserves for things like repairs and vacancies.

After repair value: 7.

Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.

I used 401k loan to get money for down payment and repairs.

I would suggest getting another full-time job for the time being and investing/doing STR on the side until you can fully and comfortably replace the income that you would be receiving from your job.Is your LTR in need of repair?