We have a cleaner and some handymen on standby just in case.

Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.

If you check out their website, you can find a local Rep to come out and quote you on their products and help install.Most of ours were hard wired, with quick install, to avoid the internet issue.

I live near Richmond, VA, but if you have a national bank then I thought I could just have my local branch call the bank manager you used so that s/he can walk my rep through the steps required to make it happen. 

So we provide a bunch of extras "just in case".

Important note, it takes a lot of reps to be self sufficient as an agent so you will want to join a team of active agents that can help you through the process.Please feel free to shoot me a PM if you have any qs - happy to hop on a call to chat you through it!

Should you have any questions, please don’t hesitate to reach out to the project team.Thanks,Dave Freeman, Justin Earl, Jean-Marc Landau & Neal Bawa====================================I have much more updates that i can share if you are not convinced. 

However, most people wait at least 6-12 months just in case the IRS doesn't question it.

The calvary arrives just in time to mop up.I have a second home in Maui, and as I look out in one direction the entire town I used to see burned to the ground in 2023. 

Quote from @Justin Hammerle: @Thomas Lebens - if this is your first property and you plan to occupy why not consider an FHA?