Keep in mind also: if you gained virtually zero equity in the last year by pure appreciation, then you can't be guaranteed any/much further appreciation over the next two years either, right?

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

everyone else has already left great answers, I just want to add if you are purely a buy and hold investor: using bonus deprecation aggressively as early as possible is usually a great way to go. 

Indeed, it's a numbers game, considering that you're not gonna live in the property.Of course, if you want to buy a vacation home or a short-term rental that you can use for yourself, it's another story as it wouldn't be a pure investment.

Purely in terms of rental revenue, I'd be delighted with another pandemic.

The only reason we have requested his presence while contractor is there doing the repair purely because we are worried that the tenant might accuse the contractor damaged his stuff, etc. later.

It's because you didn't get rid of all the food and drinks left on the studs by the electricians and plumbers, before the sheetrock crew does their thing. 

For those of you that use an LLC purely and solely to hold the real estate, and has a separate LLC that manages the real estate holdings, when the rent is paid,  does that rent payment go on the books of the LLC that only holds the real estate?