Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

The more deals you’re part of, the more you learn about:✅ Structuring deals✅ Managing risk✅ Negotiating with partners✅ Handling financingTaking part of a good deal helps you build real-world experience that will pay off big in the future when you do bigger and better deals.3.

For the future, remove other door knobs that don't need to be keyed unless you have the keys and strengthen the lease to address lock outs. 

congrats on your success and future success to come. would love to connect

I am also wondering what to show for CAPEX schedule, if it should be anticipated expenses in future or just show the past expenses, or should it just allocate $ for each month. 

A trust transfer allows for smoother estate planning, and if inherited after their passing, the land receives a step-up in basis, reducing future capital gains tax.Each method has pros and cons depending on their estate plans and your long-term goals.

4.Tips to avoid similar issues in the future?

Instead, it could impact your cost basis in the property, which would affect depreciation and future tax calculations.

People like trying different cities now and like to test if they like it.So many reasons people will probably do more of this in the future.

I will be using this as a building block on how I manage properties in the future so its important to me to have a basis to start from.