You may see electrical outlets that do not work, extension cords running across the home, wires hanging from ceiling electrical outlets, and other obviously “amateur-style” repair jobs—all of which are red flags.Pro tip: Remember that it is often wise to hire a professional electrician when dealing with repairs.7.

Banks are wise now.

It will be a small number in year one, but it is wise to keep this logically consistent.

The way a 1031 exchange works tax wise in the simplest fashion, is your initial basis in the original property you sell becomes your basis in the new property.

@Duy Xuan DoSelling rental property to free up $150,000 in cash is a wise investment in Texas.

What I find is, markets where you can still find single family homes for $200k or less is where the cash flow is (percentage-wise).Once you get to the $250k homes, especially with rates where they are, you start to get very little cash flow.Ohio is consistently strong on cash flow.

Additionally, subdividing could impact your tax situation, so it would be wise to consult with a tax advisor to understand any changes.Overall, both paying off the loan and subdividing could be beneficial moves, but make sure to weigh the short-term costs and consider your long-term goals.

Yes, tax-wise, it may work the way you envision it.

The wise choice is to hire a professional property manager in that area until you have enough properties to justify moving someone there. 

Therefore, if the housing market has stagnated or the rental market is in decline, it may be wise to cut your losses and sell the property.