You are essentially doing a partial sale of your home.

Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.

I concur with @Patricia SteinerIt's essential to review your lease to check for any clauses related to pest control.

One word of caution: the court orders typically allow repairs to make a home habitable, i.e. rent-ready, but not cosmetic or similar non-essential repairs, like upgrades or additions.

A syndication requires an attorney, about $15,000 in legal fees and paperwork for a PPM.

Essentially the lenders will be taking a risk on the property if they overvalue it.

It is essentially the last town before the pass.Regarding what @Lisa Marie said, there are is a ton of good info in there but for your needs, you need to increase the cost to clean.

The NAR settlement was ridiculous and has only forced agents to do more paperwork and disclosures, but the vast majority of us are still working the same way.The law requires the agent to sign an agreement with you.

I agree with Aristotle-get paperwork in order now to ensure when the time comes, you have less to deal with.

If you forget, you face massive fines.In a small partnership, you might be redoing this paperwork quite frequently.