I'm seeking advice on a challenging situation with one of my rental properties, a condominium that was damaged in a fire incident.

This in effect means LLs paid for the housing of these tenants by law without getting compensated.  

You could be overlooking some knuckleheads doing damage to the place - I've thought about doing the same thing for my daughter in a few years.

I would not necessarily give up the deposit (if you have one) until a move-out inspection is performed so that there is some security for damages caused to the property.

The carpet in the 2nd bedroom is kind of damaged by the current tenants rolling office chair back and forth.

With effective management, properties in the right neighborhoods can yield handsome returns, potentially meeting or often exceeding your 7-8% net target.Regarding the most attractive area:Each neighborhood you've mentioned offers unique benefits:Miami Beach: A world-renowned destination with high demand from tourists year-round.

Often times we have deposits sitting in checking earning nothing waiting for bills and these deposits from business are now lowering your daily balance- or high income W2 earners seeking a way to put every cent they have available to be put to work against their mortgage, prior this strategy didn’t have as much merit since rates were so low in 2020- mid 2022 but lately with short term money getting 4-5% returns its becoming even more effective

But how much damage will be done by hoping for the unknown and operating at a loss?

This transaction not only delivered a solid profit but also showcased the effectiveness of our renovation strategy.

All that will bring both downward and upward pressures on the prices.The net effect on the prices remains unknown since Florida remains a desirable location.