@Brendan M Hornung If you purchased a subject-to (sub-to) rental property, filing taxes correctly is key to maximizing deductions and staying compliant.

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

The original six month tenant I had extended the lease 9 times and stayed a total of 5 years, paying me about $15k over market rent annually.  

I’m an independent and licensed real estate broker in Tulum, and after analyzing the performance of numerous properties, I can confirm what Mike is saying.

I will stay all in on STRs.

I guess a few others could have stayed to encourage and educate the new investors for whatever reason.

Will the seller be staying in the area17.

Over the next couple of years, I don’t plan to use the property often, but I may stay there occasionally when it’s not occupied.

It possible that the market will stay low for a long time.

One of my clients just bought a bizz ( new bizz for him) and the owner stayed on and they are running it together.. its manufacturing and I suspect that more prevalent than RE development.