A good PM can often get higher rent to offset their cost because they manage at arms length compared to the owner who may be worried about charging market because it’s “too high”.

@Micah Huffman unless you are going to commit to learning some basics about being a landlord AND are willing to commit at least 2-4 hours each month managing a Property Management Company - it's probably best you sell.Otherwise, it's highly likely you could lose more due to bad tenants and management.

The two are almost entirely different markets in terms of price points, returns, tenant quality, and overall investing strategy.

However, the cost-effectiveness of such a mandate is highly questionable, and the resources required for compliance may be better spent elsewhere.

Keeping rehab costs in check means focusing on high-impact upgrades like kitchens, bathrooms, and curb appeal, while avoiding over-improving the property.

Refinance is one way to do it, if you want to avoid getting new debt because cash flow is high look into lease options to buy or executory contracts.

Also in many areas prices are very high.

I highly recommend listing to @Dave Meyer's most recent on the market podcast! 

Focus on high-demand rental areas (suburbs for multifamily, tourist/business hubs for STRs) and consider scaling with the BRRRR method to build passive income.

Highly appreciated.Does that mean I can deduct this loss from any rental profit from any of my properties or should it be just deducted from the same property income in the future year?