And I have below clause in the leaseRental Application: Only those people indicated on Tenant’s rental application are permitted to reside at the Premises, with the exception of any minor children born to, or adopted by, Tenant.

I am a fan of KISS in most things and this is not an exception.  

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

I don't even know what to say, except to hope that it's all kids who do not yet know the pain of rush hour commute, and think all things "grown up" are cool grown up things. 

Talk to an accountant prior to doing the cost segregation study.You want to discuss whether it will be beneficial or not.In general real estate is considered passive which means that it can't be used to offset other forms of income such as wages, interest, dividends, capital gains, etc.However, there are some exceptions where the real estate loss can offset these types of income.best of luck.

With few exceptions people do not see something for the first time, decide "I NEED THAT" and make an instant purchase.Ideally, each time the customer is exposed to you, they are left with an impression / touch.

My cabins (1 to 5 bedrooms, all with views, and all except the 1 bedroom is further from town) are still performing well and most are on track to meet or exceed 2023 returns.The days of buying and everything running easy with people filling your dates and throwing cash at you are over.

You said that this home was "rent ready", not needing repairs (except a few minor thing we agreed to) and it simply was not the case.

Debt is rarely a factor in their issue. the ultra wealthy I know  with a few exceptions have very limited debt.. to no debt. 

yes they are on fire and Wynwood I'm in brickellExactly except prices for the first-time investor are high.