When it is a new development, it isn't uncommon to see someone use the date the Certificate of Occupancy was issued - perhaps that marks the "ready", but it still might not be "available".So you can certainly have a property in service in a given year, but not actually have any rental income - but certainly your facts and circumstances are much better if you can actually get a tenant in there, that (should) shore up your defense on that question ever coming up unless you are playing weird games just to get a given in service date for tax purposes.

I think personal circumstances are ready, and I just need to learn and get the local knowledge you mention.

In either circumstance, the door must look as it did when they moved in.

That said, it is not always best to go a specific route, it mostly depends on your specific circumstances.

Even with supposedely wells creened tenants, you never know when they have a life circumstance and someone loses their job, dies, gets sick, divorced, etc and everything changes.

What would be a circumstance where I would be allowed to be compensated?

Tools like Cozy or Buildium can streamline processes.Understand Legal Obligations: Stay updated on Colorado landlord-tenant laws to ensure you're compliant with security deposits, lease agreements, and eviction processes.Effective Communication: Set clear expectations with your tenants about communication channels and response times.Regular Inspections: Schedule periodic visits or hire someone to conduct property inspections to catch minor issues before they become major problems.Final ThoughtsWeigh the pros and cons based on your circumstances.

I currently live in the Midwest and, due to circumstances, house hacking is not an option for me.

In the real estate industry, brand awarenessand lead generation serve different but complementary purposes, each targeting distinct aspects of business growth.

This would involve recognizing a loss on the portion of the property disposed of due to the replacement of the roof.Your understanding that taxing insurance proceeds and tracking depreciation or partial dispositions are distinct matters is correct.