And since you hold the property with your wife in a trust that makes this a related party scenario. 

On the other hand, when you design strategically for a specific type of guest, they’ll not only pay your desired rate but also return and recommend your property.I go deeper into this on BiggerPockets Episode 933, but I completely understand if not everyone finds this info relevant.

@Maxwell Servais you could also consider adding a conjoined hot water holding tank.

For the past 10 months, I’ve been doing a BRRRR house hack with my multifamily, running a mid-term rental on the second floor.I’m looking to scale up soon as I’m wrapping up the last few renovations in my unit and will be handing the keys to a lucky tenant (MTR or LTR).

Investment Info:Single-family residence buy & hold investment.

Investment Info:Townhouse buy & hold investment.

Otherwise the hold up of the sale and going back-and-forth we wanted to avoid.Because it’s now on the closing statement, are these a deductible repair expense like it would have been had it been before closing that would normally just be under schedule E as a repair expense.Cheers.Since the seller credit is now part of the closing statement, it’s generally treated as an adjustment to the purchase price rather than a direct repair expense.

If you're only doing a couple or so transactions per year probably ok.On the other hand, you can have more control and eliminate the need to go through a custodian for investments by the use of checkbook IRA or Solo 401k.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I really advise doing everything you can to be on the same side as your residents and to be aligned with them, but some of them may not hold up their end of the bargain.