You can always have an accountant review your return for a lower fee (around $200-$300).Biggest thing: Make sure you’re tracking all deductions (mortgage interest, depreciation, repairs, etc.).

If you have any cap ex left in Palm Bay (like an HVAC major repair or roof) you will lose cash flow for years.

However, after dealing with the constant headaches of repairs, complaints, and other issues, I made the decision to shift my focus to larger commercial deals in partnership with others.I have co-founded a coinvesting club, allowing me to diversify my investments across multiple deals.

Starting small with SFHs lets you learn the ropes—finding deals, managing tenants, handling repairs—without jumping into the deep end.

If you provide them, you’re on the hook for repairs or replacements.

Feel free to reach out with any questions about repairs, construction, mechanics, etc, as I am well versed in those fields.

As you already know, anything under $65k will likely require a heavier lift in terms of repairs, but that’s where you can create the most value.

The property is livable, but I am account for a pretty significant turn in 4 - 7 years of paint, flooring, and any miscellaneous repairs that the inspector could have missed since it was occupied.

If that is the case it would require a 1031 which is just another layer to the process but ultimately not really that complicated.Without knowing how much repair work would be needed it's difficult to give specific advice.

Quote from @Don Bessette: I have a 30 plus year tenant that can not keep up with maintaining their unit, it is filthy inside and in desperate need of renovation, all systems are in good repair and I respond very quickly when issues are brought to my attention.It is also well below market rent, and they struggle to pay the current rate.Looking for suggestions on how to gently proceed with the notification to move.