@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

Make sure that your tax accountant understands this. 

Easy to transition this to a property manager, or even have multiple people run the account, than if the account is a personal account.

I would make a copy of the check and make sure to write their name and account number on it.

I was heavy in RE but sold most in 2021 and appreciate the simplicity of a Vanguard TSM account as I head into the last 5 years before retirement. 

Also may need to manage ourselves to account for PM cost.

Instead of their cash sitting in a savings account, they decided it would be a better investment to earn 3% on their money instead of .03% in the bank.

It forces me to call VRBO to reset the account but luckily they are easy to get a hold of and fix.  

The taxes are higher, the properties are older, however we account for those issues.

Holds the contractor accountable.