Account ClosedI recommend that have a consultation with your tax accountant and/or financial advisor on ways to reduce your taxes. 

The credit score is the single best indicator of how one pays their financial obligations.

Belize is super picky on financial transactions due to US drug traffic monetary controls.     3.   

Further, BPOs and appraisals show the properties have increased 50 to 60% in value during the last 3 years.

If a tenant (friend) needed to move, I wouldn’t want to be in a bad situation financially.

2021 hit and that is when I became financially free and was able to retire from teaching at 55 yrs old.

So if prop 33 passes it will be possible to cap rent increases from one tenant to the next.A recipe for blight.  

If multifamily properties in your area are priced well, it might be worth moving forward sooner rather than later.Risk Tolerance: Since you’re the sole provider, it’s crucial to ensure you have a solid emergency fund to cover unforeseen expenses, especially during vacancies or repairs.Long-Term Goals: Think about how this investment fits into your long-term financial goals.

If you don't want that, I would sell it or put it into storage (which may not be financially feasible), but long-term renters are hard on furniture that is not theirs. 

@Ketch BaysStarting small in a cash-flowing market is a smart way to gain experience and build confidence without overextending yourself financially.