Quote from @Chris Shon:We started an LLC last year and are about to file our first return for 2024.

Additionally, how many calls does it typically take you to successfully close a deal using this approach?

If you do not regularly file for evictions, you'd best retain an attorney. 

I manage 400 rentals and the most significant claim ever filed was a kitchen fire that cost $20,000.

In addition to offering "cash for keys" assure them that they can use you as a referral on their next tenant application, or offer them a short term-2 month lease.

We also allow users to amend a post at any time with additional information.We have no plans to change how the forums work as it pertains to the deletion of posts.

I have no concerns about the owner filing for bankruptcy or any issues with a bank.

Home warranty programs charge a trip fee every time you file a claim, and they use that fee to compensate the vendor.

Quote from @D'Ann Melnick: Saw this was an old question, but it came up in search - this is all part of the rent stabilization laws passed in 2024 - https://www.montgomerycountymd.gov/DHCA/Resources/Files/tena...The pet deposit cannot exceed $300 and the total amount of security deposits collected cannot exceed two month's rent.

Quote from @Victor Yang:In addition, is it possible for me and my wife to gift 36k worth of equity per year of the house (under the annual exclusion limit) and therefore have none of the costs go towards the lifetime gift limit?