This is a post-closing penalty charged by the Escrow Administrator to extend the renovation period beyond the maximum renovation term of 180 days in the event renovation is not completed within agreed upon terms.

States and some cities get broad latitude on administration of the program.

However, it is possible that the new administration might bring 100% depreciation back. - Is it guaranteed?

We use carbon copy in letter size (legal size is just a pain).

Make sure you research rental licensing requirement per municipality as they very greatly and make some cities a real pain to deal with. 

On an annual basis, the administration is mostly meeting minutes, resolutions, and annual filing of your 990, most of which can be outsourced depending on your budget.

And, they generally bring forth action when a neighbor files a complaint and the fines/remedies can be painful. 

We fee like a conservative approach will let us go through the growing pains of better understanding real estate investing without the worry of being over leveraged to add to the stress while we are both still employed full time in our careers and do not plan on quitting our jobs to go fully into real estate. 

And it was a pain because guests kept signing out to use their own.So we just cancelled all services and we state on the listing that guests need to provide their logins for apps.I know we'll have issues with older guests.

Prices go down, causing financial pain for the gentry.