Regarding charges for damages, it depends on state & local laws AND court/judge tendancies.Most leases state tenants must return a property back to the owner/landlord in the same or better condition than when they took possession - normal wear & tear excepted.So, what is "normal wear & tear"?

Does anyone have any experience with the cost ballpark and requirement to do this with a single residential (not multifamily complex)? 

This could be an alimony that is court ordered, which in that case my past renters were able to provide documentation with full details regarding start and ending dates, rate of payments (monthly/bi-weekly), and amounts awarded.

Be careful; the rules for qualifying for a real estate professional are extremely complex - it is an area of the tax code that many practitioners and even judges (tax court cases) have gotten wrong.

Ask the questions in the attached article to get to an experienced asset protection attorney, not just an attorney who has taken a few CLE courses and is dipping his toes in this complex field.

Hello Bigger Pockets Community,I recently transitioned into specializing in multifamily real estate investments and have been immersed in learning about the complexities and nuances of this space.

These professionals can provide valuable insights and help you navigate the complexities of real estate investing.Research the market: Start by researching different markets across the country to identify areas with strong rental demand, affordable property prices, and potential for appreciation.

And it's definitely NOT a given that the court would award the relief sought.

Sharing some info from two sources this weekRegarding states looking to strengthen seller financing licensing requirements and court decisions for those not licensed:First from Facebook group school of sharks:Hey guys,TX Dept of Savings and Mortgage Lending has some new rules that are expected to go into effect January 01st, 2025.

Typically, banks, funds, and traders will have an expectation or estimate on key economic data releases, often created through sophisticated, complex financial models.