I responded with a legal notice saying that I cannot be left vulnerable for legal reasons to someone doing structural repairs on my home, because in the event they are hurt, I can be sued.

But in a rooming house, they pay a much lower rent cost, and get the benefit of a professional cleaning crew doing common areas, kitchens and bathrooms, free high-speed Wi-Fi for their streaming devices, etc.

Also have in your lease that you can terminate the lease with 30 day notice if the tenant is incompatible with the building/other tenants/you.

I mentioned this to the tenant and gave him notice of the higher rent. 

Unfortunately it's a common problem.

Experience with models tells me they’re great confidence building tools, but never a good replacement for common sense - and the wisdom of experience.

Since SF is a special case, this risk is pretty common.

This is a common question among real estate owners.Let's dive in:The reality is that wealthy families often pass on real estate assets from generation to generation.For example, if one generation has an RE entrepreneur who amasses $50 million worth of real estate, that portfolio can generate enough cash flow to support multiple future generations comfortably when passed on.So, what happens if that initial investor built their empire by rapidly depreciating assets and using 1031 exchanges to lower the basis and defer taxes along the way?

There are 7 material participation tests, the most common of which are at least 500 hours in the activity, or at least 100 which is more than anyone else.You are correct that if one of you meets the REPS thresholds for 2024, and you make the said election, it does NOT free up any passive activity losses from prior years. 

You'll notice a significant increase on your rates/fees as that loan amount lowers.