Sharing ownership and responsibilities is possible, but it necessitates shared goals and legal agreements.

Since the damage was limited to one drawer, but it necessitates the purchase of entire vanity (even though I just swap out a drawer). 

Introducing a new tenant will necessitate an amendment to the existing lease, and you should conduct a thorough screening as you would for any new prospect.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

High Maintenance Costs: Escalating maintenance costs can erode your profit margins.Change in Neighborhood Dynamics: Shifts in the neighborhood that negatively affect your property’s value are a red flag.Better Investment Opportunities: Selling might be wise if you've identified a more lucrative investment opportunity.Cash Flow Necessities: If you need liquidity, selling a property can provide a significant cash inflow.Tax Implications: Sometimes, selling can be advantageous for tax reasons, especially if you can benefit from capital gains tax laws.Personal Financial Changes: Changes in your personal financial situation may necessitate liquidating assets.Retirement Planning: Selling investment properties can be part of transitioning into retirement.Portfolio Diversification: Selling might be necessary to avoid overconcentration in real estate.Legal or Regulatory Changes: New laws or regulations can impact the attractiveness of holding onto a property.Ownership Challenges: If the burden of ownership outweighs the benefits, it may be time to sell.Real Estate Market Trends: Anticipating a downturn in the market can be a reason to sell early.Interest Rates: Rising interest rates can reduce the pool of potential buyers and lower property values.Property Value Appreciation: If your property has appreciated significantly, taking profits might be smart.Lifestyle Changes: Sometimes, personal life changes dictate a shift in investment strategies.ConclusionDeciding to sell an investment property is a complex decision influenced by market conditions, personal circumstances, and future investment goals.

You can hold them responsible for the cost of plumbing, plus any repairs necessitated by the water damage.Apply the deposit.

Be aware of higher interest rates and origination fees with hard money loans, necessitating a clear exit strategy.

My property was purchased as a primary residence, but later circumstances necessitated that I turn it into a rental property.

Utilizing LLC or other entities will necessitate a learning curve.  

Sixth, releasing after a tenant vacates may necessitate paying a Realtor fee.