It's not over until the end of their lease term, or the rerenting of their unit earlier, or the remaining tenant agreeing to accept 100% responsibility for the unit.

Current Market ConditionsPhoenix has long been a hotspot for real estate investors, particularly those interested in fix-and-flip projects.

There might be a time to cut losses and just sell it, or if it makes sense your other plan could work, as long as you pull permits and do everything carefully.

May this investment be the first of a long and successful portfolio.

It's been awesome, not only from its performance but it's our go-to place for vac or long weekends.

For example, if I send my son money for books, can I do so as a property manager fee so that this is also tax deductible.4) If my son, finds the monthly payment to be to much while he is in school and I end up shouldering some of the costs, how long per IRS rules can I carry a loss on the property.Any help would be greatly appreciated.Thank you.

I would send them notice today that explains what will happen after the current one-year term ends.

Sorry this is so long. 

Thanks I hadn’t done a short term flip in a couple years and getting back into the game here in riverside county. 

.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.