@Chris Mahoo Even without qualifying for Real Estate Professional Status (REPS), long-term rentals offer key benefits like depreciation deductions over 27.5 years, deductible expenses (e.g., mortgage interest, repairs), and up to $25,000 in passive loss deductions if your MAGI is under $150K.

Your emphasis on proper property management is a key takeaway, and I’m committed to educating myself in areas like tenant screening, lease enforcement, and proactive problem-solving.

crazyDo these people just hand over the keys to their car also and hope it comes back ok?

Another key change is making sure your contractor actually sticks to completion deadlines...why, because of how extremely tedious permit inspectors are getting in some cities, which can slow progress in and of itself.

Have you considered Turn-key? 

This would increase housing supply, helping to lower costs while promoting homeownership—a key goal for municipalities nationwide.With more homes available, renters could transition to homeowners, giving them a stronger stake in their communities and the opportunity to build wealth.

It also keeps the door open for a cash for keys situation in case the tenant can't pay all of it.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

As real estate investors and property owners, understanding the broader implications of this development will be key to navigating the opportunities it presents.Anduril Industries and Its Expansion PlansAnduril Industries specializes in advanced defense technology, including artificial intelligence, robotics, and autonomous systems.

Key findings?