If they move out during the lease period you get to keep the deposit apply it towards the next two months rent (the legal limit).

Passive investing is their next step, however recently I am seeing more and more investors looking for an opportunity to stay in real estate, but this period in their lives active real estate just doesn’t fit.

However, you can’t deduct any loss of rental income for the period the property is vacant.I’ve gotten mixed answers on what to do.

And if you aren't really focused on type and location before your sale, the 45 day identification period will race past. 

During this period, 14 sales have taken place.

Then we had a bunch of cap ex (roof, water heater, appliances) all needing to be replaced within a 2 year period.

This is because experienced investors recognize that initial cash flow is not the same thing as actual cash flow received over a long hold period.  

Based on the property history, and the area, if that has a strong potential of happening, then I'm interested.The property must also CF high enough to recover my cost (DP) within that same time period. 

Yes, if you change your single-family home from Short-Term Rental to Long-Term Rental in the second year of ownership, you would need to adjust the depreciation schedule for tax purposes.Recall for residential rental properties, the IRS allows a depreciation period of 27.5 years under the Modified Accelerated Cost Recovery System (MACRS).

Usually any Offer/LOI has a feasibility period and a closing period.