But unless you have bad terms I would likely sit on that deal for the first 4.25 years and then look to refinance at that point prior to the balloon payment 9 months later.

I guess another way of the asking the question is can you use a cost segregation study that was conducted prior to the property being used as a rental?

I fully support doing everything you can as a landlord to be in compliance of local zoning and ordinances, so I want to use your thread as a chance to let newer investors know a really important lesson: you can call the local municipality prior to owning a property. 

We will allow you to use a new employment contract as qualifying income 6-12 months prior to your start date.  

I didn't walk the house prior to making an offer and prior to closing. iI won't ever close on another OOS property without walking it first. 

The question that I'm mulling over is, "Do I step in to fill that need, since I have the property management experience and contacts prior, or do I simply pursue investing and manage my own properties?"

The caretaker would be required to assume paying taxes and insurance plus upkeep.Both units need a fair amount of work prior to being rentable now that it’s been vacant so long.

The pipes have to be dewinterized so I would have a plumbing professional there prior and when the water gets turned back on just in case.

Now, if she did that in a prior year, you technically would have paid less taxes than you should have and will likely need to amend your return.

I also could have sued him for my full commission because I had him sign an exclusive buyers agency agreement prior to the showing, had I wanted to.