Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.

IDK pets can certainly do damage but with a decent long term tenant I tend to want to preserve the relationship.

We are starting from scratch on this business relationship and hopefully this will go as promised.

I’ve built strong relationships with agents, contractors, and other investors in the area, and one of my contacts informed me that the owner was considering selling but hadn’t listed the property yet.

You can simply build a relationship with a great Real Estate agent or sign up for Propstream.  

For long-term planning, consider transferring the property into a trust to manage tax and legal complexities.This post does not create a CPA-Client relationship.

Consult a CPA to ensure compliance with tax regulations and explore strategies that align with your goals, such as providing for your mom while managing tax implications effectively.This post does not create a CPA-Client relationship.

I look forward to connecting with other investors and building valuable relationships within this community.

The deeper your market knowledge, the stronger your relationships with agents, contractors, and lenders, and the better your deals will get over time.

Keep in mind that they can increase that period if they get complains from the community, so make sure you're in good relationship with your neighbors.