Charge the tenant for all cleaning and repairs required to return the rental to these same condition as it was given, minus ordinary wear-and-tear.You can't charge full price for a replacement appliance, flooring, or even paint.

Hi Joshua,To gain a clearer understanding of the overall condition of the home—including plumbing, electrical systems, HVAC, and the roof—and to identify any major issues such as asbestos, water damage, mold, foundation concerns, or wood-destroying insects, I strongly recommend having the prospective properties thoroughly inspected.

All the more reason to know exactly what everyone's obligations are.If/when one of your tenants leaves (hopefully not before 2028!)

what exactly happens next? 

A big part of it is the lack of inventory—there just aren’t enough homes for sale, and Long Island isn’t exactly expanding in size, so demand keeps pushing prices up.

Someone who is going to continue the legacy that they built.That’s exactly how I felt.

Yeah, exactly why I'm asking.

How long has it been on the market, what condition is it in, what do the numbers say?

You can also think about a strategy that combines a house hack with a "live-in flip" where maybe the duplex isn't in a condition where you would want to live with your family when you purchase it, but you could do value-add renovations that improve your families day-to-day living but also the value and rental income for when you all move to the next property or sell. 

I tend to operate under conditions I’m familiar with, also taking calculated risks of what I don’t know yet.