Ultimately, adopting an investor mindset means being proactive, staying informed, and continuously seeking knowledge to make informed decisions.

I'm excited about making this investment work but want to explore all options to make the best decision.

Correct me if I'm wrong, but my understanding is the CPA would have made some decision when I purchased each property as to what the depreciable basis of each property was. 

And the fact the new owner of the neighboring property also failed to do due diligence should not factor into your decision to keep, if still allowed by your state laws, what you presumably paid for. 

This decision is based on the need for timely and reliable communication and payments, which are crucial for a successful landlord and tenancy relationship.

It's crucial to understand and follow local laws regarding deposits, documentation, and timelines.A local property manager I knew had a lot of questionable and shady practices, but the one that ultimately led to his downfall was poorly documented and unjustified security deposit reconciliations.

If they cannot cancel, then its a business decision on whether you let them out of the lease or not.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

For some context I'm hoping to invest immediately when I begin working (1 year from now), and am alright with moving whenever there is a better opportunity for my job/RE investing.Can always count on the BP community to give great advice, so I'm looking forward to everyone's perspectives on a slightly large life decision of mine!

All they do is punch the clock and push buttons - no thinking.Better to try to find a Remote Team Member, pay them well and make them part of your decision-making process.