Best of luck for your future!

The project was budget-conscious but impactful, ensuring the unit is ready for future renters.Reflecting on 2024: Wins, Challenges, and Lessons LearnedLooking back, my first year as a landlord was a crash course in property management.

Would love to have [insert name] stay in the future!”.

It sounds like you know how to avoid this in the future, so what to do with the situation at hand?

Clarity here avoids future disputes.Business Strategy: Align on your goals—flipping vs. rentals, risk tolerance, and timelines.

In my case I sold off appreciated properties in a location I deemed as having limited future upside, and used the proceeds to eliminate all debt on the better located prime properties I wanted to keep long term.

Btw, wrap it all into an overstuffed single premium whole life policy and through the insurance industry’s lobbying of congress your income will incur taxes deferred to far in the future, and if you’re lucky enough to die before 71 you may never have to pay taxes on the income.  

Future gains on the investment portion may be deferred with another 1031 exchange, while gains on the primary residence may qualify for the $250k/$500k exclusion if residency requirements are met.This post does not create a CPA-Client relationship.

Built porch floor, wheelchair ramp for the future maybe.  

Avoid future trouble.