Even if you're in a local 50+ league and want to be competitive, a coach is probably over-kill.

Enter a strong rental town with lower cost housing, fix it up nicer than most stuff in town & lease (and repeat over and over). 

Platforms like Avail can help if you prefer to self-manage but still require time for repairs.Tax-wise, repair costs may be deductible immediately, while major improvements must be depreciated over 27.5 years.

Mine are long term rentals (in 2 states), 3 SFH and 1 mult-unit and they recommended a Wyoming Trust over a Holding Company over an LLC for each property.

You could try filing a case/judgement against them but I’m guessing they ar leaving the area to screw over the next MTR landlord.

Yep I know it- I've had multiple tax clients over the years face a mean surprise with that. 

There is not the appreciation of the larger cities, acquisition costs are much lower, not difficult to find carpenters to do work, cash flow is over 1%, minimum regulations, and good tenants are available.

@ Rich NgHave you had much trouble with section 8 over the years vs. your market rate tenants ?

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.