You are living next door for a year so your choice to rent to someone may have a direct impact on your life (unless you are not home most of the time).Cheers and good luck!

It is the lady's personal choice.

here are my stats on 6 months being with them (not by choice but they acquired the property manager I had in chicago) I have 22 units in 4 buildings    Rent 22.5% lower rent      Expense 34% increase in expenses Also all expenses are way above market rate with minimum oversight for vendors overcharging or proper negotiation for volume work.

@Saleh Riazi  So now that you've learned your lesson ... how about listing your choices for a PM!!! 

I know what the competition is and what other choices they have.

So far I've been recommended First Choice.

When given the choice, most budding investors will seek the easy path.

Just wanted to pass on that Navy Federal has a Homebuyers Choice option, 0% downpayment, really 0%, no PMI, but higher interest rate and 1.75% funding fee (and sellers can contribute up to 6%!)

Typically reno scope/rents/insurance/etc. are very market-specific, so building your analysis muscle for your chosen market is important so that you go in with the best possible chance to make an educated choice on purchasing.

Since it's easy and advantageous to write off in the same year, It is easy for me to be consistent in that manner, but I don't think we have that choice, we have to follow what IRS allowing.