I suggest gradually assembling a reliable maintenance team that includes HVAC, plumbing, and other essential services.Tenants are responsible for providing access to the property.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

I have also utilized owner financing for longer periods of time, including personal residence and 2 barrier island houses on the coast of Florida.  

BPCON attracts investors from all experience levels, including folks looking for their first or second deal.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

Key updates included kitchen and bathroom remodels, new flooring, and enhancing curb appeal.

My interests includes but is not limited to co-listing Airbnb, short term, medium term or long term rental properties just to include a few.

Hi Kin,Transferring your share of the property to your brother may have tax implications, including gift tax if the transfer is considered a gift.

@Nitesh Chand Does your lease agreement with these tenants include verbiage for if you sell?