The area had stalled after the 2008 downturn, but he saw the potential for growth, just like you did.He held onto the property, renting it out and watching the neighborhood gradually come back to life.

I wonder if they have AI searching their listings gradually...

I'd recommend getting an REI-savvy tax pro so you guys make sure you're maximizing your tax strategy as well as when it comes time to file.An REI-savvy tax pro is worth their weight in gold.

I get the whole 'dont fall so far behind market value' narrative but this is a long term play for me to gradually trade less of my time for w2 income if you will.

The Berkshire summer weight comforters are also great.

I know a vacancy is tough and it can be hard to find tenants in the winter, but you have to weight the costs and benefits and decide.If it's harder to find renters in the winter, try offering a month-to-month lease just to get through the winter, then move back to a one-year lease in the spring.

You can focus on properties that have strong rental potential to generate steady cash flow, helping you pay down the mortgages over time.Once you’ve established a solid cash flow and built equity, you can scale by adding more properties gradually.

Those memos do not hold authoratative weight but shows the IRS’ thoughts!

I am a high-wealth earner with years of employment ahead for me, so I will not feel the weight of this loss other than shame on me for not appreciating this risk better before committing.

@Unal Baris KancogluTo manage a multi-family property, communicate rent adjustments early, implement gradual increases, set limits, reassess lease terms, highlight improvements, and offer incentives.