@Hedman Maximus too many investors worry about DIY pennies, while losing dollars - which it seems you may be doing.Why can't you hire a PMC to handle the properties for you?

You can also connect with a realtor that is willing to handle this and future leases for you.

Here's how to handle your situation for tax purposes based on IRS guidelines:1.

RAD did not respond to a direct inquiry about this discrepancy.RAD said in its statement that the founders of the company that handles RAD’s operations, RAD Management, have “significant investing and property management experience.”RAD Management is led by Mendenhall and other RAD Diversified executives, according to the circular.

Long-Term Wealth Building: Holding onto the property can contribute to building long-term wealth through both appreciation and rental income.Cons of Renting: Property Management: They’ll need to manage tenants, handle maintenance, and deal with potential vacancy periods.

Your son will be forced to sell or refi, and I bet you that this deal can't handle that situation. 

If you ever decide you want a more passive approach, there are turnkey companies out there that handle everything for you.

A professional manager can find qualified tenants who respect your home and handle day-to-day issues.

I’ve handled almost every aspect of renovations myself—plumbing, tiling, painting, drywall, and general construction.

If you have more than 4 or 5 loans, then you might want to engage a sub-servicer to handle the billing and payments.