There are other options such as harvesting capital losses on other financial instruments, but the stock market has been pretty good lately, so that may not be an option.

While you shouldn’t categorize all tenants and it’s the landlords responsibility to properly screen, the tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property which combined will result in less time allocated towards management functions if self-performed or more favorable management fee structures if 3rd party management companies are utilized (which ties back to #1, as well).

Financially speaking the issue is that deferred capex will exceed cash flow over time. 

@Chad VerdeInvestment strategies can be employed to achieve financial goals, such as house hacking, BRRRR, short-term rentals, real estate syndications, property development, long-term wealth-building, flipping, and debt paydown.

But you bring up a good point that supply could be at record levels if demand is matching that same pace.

I am located in Northern Utah and would love to invest locally, but it does not seem feasible for my strategy and financial position.

Banks often have very rigid requirements, such as high credit scores and a detailed financial history as well as lots of paperwork.Private Money Lenders: Faster and more flexible.

Here’s how it benefits you:•Faster Evictions: The expedited eviction process minimizes financial losses from unpaid rent and property damage caused by squatters.

I would appreciate input from the BP community as to the best way to approach this from a financial and tax perspective.  

Maintain proper records, such as contracts, settlement statements, and promissory notes.4.