@Matthew L HearnHi Matthew,The tenants are not in the way if they have a signed lease, and you do have to honor the lease once you take over the property.Once the tenant's lease expires, you can always send a letter of non renewal so that they will vacate the unit once the lease expires.Make sure you read the leases carefully and the expiration dateGino

You have to find a property manager whose investor friendly and is good with communication - that's a non-negotiable for me especially when I refer them to my clients here in Columbus Ohio.

As other people have stated here, the answer is probably non-deductible to offset ordinary income.

On top of that, we transitioned the loan from a community bank to a Freddie Mac agency, making it non-recourse—a significant upgrade.Exit:Today, on August 15, 2024, I’m proud to share that we sold the property for $3.15M.

Agent to non-agent, no. 

It’s worth the investment—placing the wrong tenant can cost you much more in the long run if you have to deal with evictions or non-payment.It’s about finding the right balance for your needs, but in my experience, having some professional oversight can save you a lot of headaches down the road.

Also currently it just caters for LTRs.If you can go past the level of detail I would love to hear any feedback from anyone interested, and especially from any Excel gurus, accountants, investors or tax experts out there with a keen eye. 

So this is a tricky thing.Accountant's / CPA / Professionals who get paid based on their knowledge and time normally do provide a 'free consulting' call to have a chat with them.However, please be mindful that the 'free consulting' most firms offer is very high level and moreso to see if you both would be a good fit for eachother.Sometimes, these calls are done by the owner(if its a smaller firm) or business development  professionals if the firm is larger.1800-Accountants is a large firm so you are likely first vetted by a non accountant whose main job is to get the sale.Best of luck.

There are lots of experienced property owners, lenders, real estate agents, attorneys, tax experts and more here so don't be shy to ask questions and I'm sure an expert in that field will be able to help.

You might be better with an experienced co-host and Airbnb expert and a handyman with cleaning crew.