Last, for your 2nd question, DTI works the same as described above but wanted to clarify that true seller financing, the seller would typically NOT maintain title or name on the mortgage.

There are ways to be in real estate without "babysitting" the management and have tenant issues like what you described. 

@Jeffrey Zhou the situation you describe is not good.

It describes this type of investing.

2023 had 80% first-year bonus depreciation.This is the IRS official publication describing all kinds of rules related to depreciation: https://www.irs.gov/publications/p94You will not need to do anything manually though.

@Liam Dalbow In a situation like the one you described, you should have called one of the other investors who were interested in the property once you realized your buyer couldnt perform.

Hi @Bobby Valcin, what you're describing is exactly what I'm currently in the middle of doing! 

Virtually none of my units meet the current rules but all are legal because they were legal when windows were installed.   “(1) An enforcement agency, until January 1, 2030, that issues to an owner of an accessory dwelling unit described in subparagraph (A) or (B) below, a notice to correct a violation of any provision of any building standard pursuant to this part shall include in that notice a statement that the owner of the unit has a right to request a delay in enforcement pursuant to this subdivision:(A) The accessory dwelling unit was built before January 1, 2020.

Customer service doesn't even begin to describe this chain of events; this is guided missile level sales follow up and over the top attention to detail and customer attraction.

I think the situation that you described in your post would not be too tight.