Strong property management and careful tenant placement also play a critical role in success here, so I recommend partnering with a turnkey company or an agent who specializes in these areas to make the process smoother.As for rental demand, homes that sit for extended periods are often the result of issues like pricing, condition, or tenant quality—not necessarily a reflection of the market as a whole.

We sold a $330k rental property with almost no base so we need to do an 1031 exchange of roughly $300k to offset capital gain.

Evaluate cities based on job growth, population growth, rent-to-price ratios, cap rates, and vacancy rates.

., SaaS, subscription-based e-commerce). 

They make their living from this work and deal with more hassle than you can imagine, based on what I know from some of my realtor friends.

Based on your numbers, this seems to be a Section 8 duplex, is that correct?

Things like landscaping/snow removal and labor cost for repairs are going to be highly variable based on your market so you'd need to do your own research on the going rate by either talking to other local investors, running your own google search, or exploring basic services on thumbtack/angies list etc. 

Therefore a partnership return will need to be filed and each partner will get a K-1 reporting their share of income.Each investor will then report that income on their return.Taxes will be calculated based on each partner's tax rate.Best of luck.

@Seth Rose I strongly recommend you find the best cash flowing property possible and buy it with financing out of the gates, rather than go the BRRR route. 1.

Beyond that, terminate the tenancy based on your lease (you should have a clause in there that permits eviction for this kind of behavior).