Quote from @Carini Rochester: Since you inherited the house, you get the stepped up basis.

I also recommend speaking with several insurance companies to confirm you are getting the right answer/price.

Even with those small pieces of glass, the cleaners need to take care to get any dust or lint left behind after wiping them down.I use various size dining placemats as covers for the glass which keeps them looking good and from damage.

One question for the community is: What are the next best steps I should take to further educate myself and get started in this industry to set myself up for future success?

I’m all for getting started and primaries make good rentals when only held for a year or two before they’ve had time to appreciate.

Should I get a LLC in place prior to swap/paperwork?

The higher the deductible the lower your overall premiumbut get quotes on all the deductibles you are interested in.

The guy who runs it lays it out like this..1-5 rentals you are still doing okay, have more stuff come up between all rentals the closer you get to 5 or at 5.

I get a lot of applications from out-of-area people, typically moving from another state.

I'm closing on a nice condo deal this Friday.