Quote from @Gerald Jarreau: Is there a government agency that will need to certify the rental as mold free?

First step would be to talk to the controlling government body about what you can do with it.

Now it used to be if you got a job with the government and could count on a fat pension then life could be good and with a few rentals excellent.

You are unlikely to get caught and the city governements don't really care.

Property managers ensure compliance with local, state, and federal regulations, reducing the risk of legal disputes and penalties.7.

Absolutely if you're going to operate alone on your money, IMO.I never took a guru course of any course outside institutional, government or college in any aspect of finance.

Some of the simpler asset protection solutions would include the following:  having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.  

.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!

The government provides compensation for the condemned property. 

There will be much more government spending and jobs created in Mcallen to secure the border, leading to continued population growth.