You have to be super cautious though when looking at opportunities since some may come with unexpected circumstances such as major repairs, fines for illegal units, etc.

Appreciate the insights, Chris$500 seems reasonable under the circumstances.

Yeah, it's a bad circumstance. 

Recently, I conducted a cost segregation study on the property shortly after converting to a STR (converted June 1 2024), and I want to ensure I file my taxes correctly and legally given this change in circumstances.

It could also be the result of job loss, career switch, free lance work, self employment, spouse wanting to stay home with newborn, pay reduction, or inability to sell existing home, moving job locations, or any other “life circumstances”.After thinking about it, my opinion on the “ethics” of entering a lease option as an investor with a homeowner/consumer rests on two issues.  

We won a Defamation Lawsuit against a client withsimilar circumstances as your situation.

Do you typically replace existing boiler systems with forced air or does it depend on the circumstances?

This change emphasizes that under specific circumstances, courts may "pierce the corporate veil," holding individuals personally accountable for the company's debts and obligations. ilga.gov2.

More than likely, you’re going to encounter some kind of problem or unexpected circumstance at some point.

Given these circumstances, I believe there may be grounds for a class action lawsuit against these companies, and their owners.