It allows you to ease into being a landlord, gain experience managing tenants, do repairs and property maintenance without the pressure of a tight flip timeline and while you're getting comfortable as a landlord, you can gradually build your real estate team.

As a first-time landlord, I'd feel comfortable renting this out knowing that it will not need heavy repairs and know the area wellWhy renting will not make sense:1.

If you feel any pressure, ask them to bear it themselves or keep the trim.One of the most important lessons you'll learn in life is resisting the fear of missing out and the pressure to say no to things just cause of the environment you're surrounded in.

Make sure you are only doing something you feel comfortable doing.  

Hi David.I guess it’s good split,good environment for investing,I know bigger brokerages may limit you on your own deals.I want to use my license only for my own deals and investment.

Paint correction and detailing take hours of labor, materials, and a dust free environment.

That can be particularly tricky in our current environment.

This environment could allow you to leverage your cash position to negotiate better deals and acquire properties at a discount, positioning yourself advantageously for future appreciation when the market balances out.

, you may also want to consider estate planning and/or gift planning while we're in a high estate tax exemption environment before the sunset in 2026.As to the income tax planning, most of the time the tax "savings" come by way of depreciation. 

I feel much more comfortable going forward with this.One more quick question, I ended up getting a HELOC on this property so I had to put it back into my own name.