Make sure to research property taxes, insurance, and any outstanding utility bills. 

And it was up to you to make sure that they would take outstanding mortgage into account and reduce the amount in the box 1 by the mortgage balance at the time of the distribution.

Damn, Dan.....that's a bummer.

I'm currently working with an outstanding VA from the Philippines and throwing a few small practice projects at her to see how she performs. 

These old damn houses 

Fast forward to this past summer, started having some issues and was wondering if anyone else works with them and can provide some oversight 1) prop mgmt agent - we switched to a new agent and we have been having issues (addressing us by the wrong name/gender/etc, spelling errors in emails, long response times, one word responses to issues that were outstanding for a while, not contacting the right person despite us requesting several times, etc.) 2) issues with communications regarding finding a new tenant - we were notified in October '23 that our tenants were not renewing and we requested that our unit be shown prior to vacancy in January '24.

I made a great purchase of my first STR in May of this year, made it an outstanding property and handed it off to a prominent PM company to manage.

We are fortunate to have our 12-acre property and house fully paid off, with a credit score in the 800s and minimal outstanding debt.

This looks like it will not make money.Good luck damn dude , i definitely am not intending any kind of fraud i thought if i lived in it then its owner occupied?

(this explains the new listing) They’ve also added their outstanding review history.