Unfortunately, while that Should make things go more smothly with you through the City, it doesn't always work that way.A majority of the time, the City is willing to just "Accept the fact" that these enclosed porches exist, and as long as they are maintained in safe conditions you can continue to utilize them.

Also, you can usually avoid exterior renovation costs with these since many have HOAs that maintain the exteriors.5.

Studio that operates as a Short-Term Rental (STR) generating an average of $2,200 per month.Our ADU tenant has been leasing from us for the past 4 years, and we have maintained the rental rate without any increases.

Not to mention that a lot of these "cash flow markets" don't really cash flow in reality because the cost to maintain these properties often exceeds the rents.

I don't want to fix up the LA property and maintain it with tenants especially as it's subject to a lot of HOA rules.

It can help safeguard your personal assets in the event of a lawsuit or liability claim that exceeds the coverage limits of your primary insurance policies.Tenant Acceptance Policy: Implementing a thorough tenant acceptance policy is crucial for selecting reliable tenants who are likely to pay rent on time, maintain the property, and adhere to lease terms.

I’m still learning a lot about managing and maintaining my duplex.

Bottom line is that you may put yourself in a situation where the best way to maintain your tax efficiency is to keep your investments foreign for the long term. 

(source)It also states this:  The following requirements must be met by taxpayers or RPEs to qualify for this safe harbor:*Separate books and records are maintained to reflect income and expenses for each rental real estate enterprise.

You need to start with what cash flow you need, then work backwards until you find out the maximum you can pay to maintain that cash flow...and DON'T pay more than that.Knowing it means you need to know what the value of that home is, based on the immediate area (micro-market) and the size of that property.