What's the best way to navigate this situation regarding the application process as well as the lease administration?

Any ideas on what I could turn it into to help generate some extra profit?

Start by going to www.narpm.org to search their directory of managers.

Keeping my eye on the worst houses in the best neighbors that need some reno that I can turn into STRs or LTRs.

Patricia,I wouldn’t rely solely on the seller’s agent, as they are only sharing information provided by the seller and represent the seller’s interests, not yours.

This encourages them to start their search now and (hopefully) leave early so you can turn the unit around and find new tenants sooner. 

The country is the economic powerhouse of Europe, with a highly diversified economy driven by strong industrial, automotive, and technological sectors.

You will lose the capital gains exclusion by doing that.

So, by transferring income from a rental schedule E to a business schedule C you're creating a significant extra tax.

A bit concerning if the market takes a turn but overall and overtime we will be in a good postion.PS - Since 2003, Dean & DeWitt Property Management has helped investors buy, sell, and manage investment properties in the St.