@Steven Hamilton II hi Steven,Is this related to same topic or a seperate tax law to the 750 hour Real Estate Professional benefit (in my case something to consider for spouse in future) tnk you. https://www.claconnect.com/resources/articles/2019/irs-safe-harbor-on-section-199a-impacts-tax-filing-for-rental-real-estate

A lease is the way YOU want to conduct your rental so choosing one randomly/ already done may not be correct for you.Resident screening is very important but there are state laws and even federal laws (disparate impact as an example) that you want to be careful about.Having a few key maintenance people is very important as well because that is an area of great concern to the resident.I could go on but feel free to ask more questions. 

Since IRR takes into account the time valueof money, it’s no surprise the IRR is highest in the first two years.I ran four scenarios and raising rent doesn't impact the IRR.Scenario #1: Keep it and Raise Rents by $500+Both units had the same tenants in there for the lasts three years.

Most out-of-state investors will have an enormously difficult time navigating that process from afar, especially in a market like Detroit.We help folks with it but our projects generally require investors to be cash buyers.

Informative read about the high amount of ADU's being built in Los Angeles, the impacts they're having on the neighborhoods, and what local government is doing to preserve the "look and feel" of neighborhoods with the change in housing.

Even if it's not going to be your full-time job, but you would like it to be, side hustle devalues the impact it can have and the work needed to be successful.

Failure to mitigate/owner negligence might impact the total of what the insurance company will pay out.

For example, the unemployment rate, relatively low, is 6.5% versus MA's 3.5%It's been a long time since I was more familiar with Springfield, so I'm not sure about the impact of the casino.In general, similar to other working class cities like Fitchburg, in Springfield I'd imagine you'd fine the following conditions:- Attractive Cap rates- Medium vacancy- You're paying a realtor or property management company to find tenants (in higher end cities the tenants pay the realtor fee)- Section 8 tenants -- could be a negative or positive, depending on your view.

The most impactful part, they monitor our STR's 24/7. 

- Prioritize tasks based on their impact.3.