I love the idea and its really quite nice because the costs are minimal and upside is huge.

They pay a minimal interest (around 4%) on account balances, and you can categorize transactions (much like Quicken if you're familiar with it).

With a low 4.75% rate but minimal cash flow ($50–$125/month), your equity could likely work harder elsewhere.

The real issue is that they didn’t have a plan to monitor usage or set up protections to minimize costs during the eviction process.Ideally, the PM could’ve done things like:Limit access to unnecessary areas to reduce power use.Install smart thermostats to keep heat at a safe minimum.Request a utility cap in court during eviction proceedings (if allowed in your area).Bottom line: It’s less about the utility switch itself and more about proactively managing costs once the tenant overstayed.bro what? 

The taxes can make things difficult, but there are some things you can do to minimize their impact.  

To minimize delays, it is important that you get approval to be a section 8 landlord from each housing authority.

At the most basic level a good deal makes you money with minimal cash and effort.

Collecting rent, preserving the asset, minimizing vacancy.

Rehab Scope:Cosmetic remodel: Painted the interior/exterior, updated the kitchen cabinets and countertops, and installed new flooring.Modernized fixtures: Replaced light fixtures, outlets, and switches throughout.Enhanced curb appeal: Painted the brick exterior, added landscaping, and modern black accents.Timeline: Completed the rehab in just 4 weeks to minimize holding costs.Strategic Upgrades: Focused on cost-effective improvements like vinyl flooring and fresh paint, wh What was the outcome?

State taxes may also apply.To minimize taxes, aim to reinvest the full proceeds into the replacement property, including closing costs and fees.