In most cases the lender will take no action so long as the mortgage stays in good standing. 4.

Regarding S8, the leases are 1yr only, but S8 tenants tend to stay longer vs cash paying tenants.

I would also weigh if you plan on staying in the home you are in now for a long time or move in the next 5 years.

If long-term rentals don’t cash flow, short-term or mid-term rentals (Airbnb, traveling nurses, corporate stays) might work better.

Existing tenant stayed in my rental property 3 years without rent increase.

I know you want to go full time and jump in, but I'd recommend staying with your day job as long as you can - it makes your life a lot more comfortable to have a steady stream of income to pay the bills every month!

I have 3 windows as well that don't stay in the open position that I have to replace.

I'd stay on platform.

Consulting a tax professional before making use changes can help maximize deductions while staying compliant.This post does not create a CPA-Client relationship.

What we've learned is that Sec 8 residents would usually stay longer than a non-Sec-8 resident.