You could also check out options like Cozy or TenantCloud for similar features.When converting to LTR, just keep an eye on local rental laws, lease terms, and any rent control rules that might apply.

I will certainly start educating myself with what you mentioned and I'll absolutely take those steps you mentioned and apply those.

Tax-wise, only the rented portion is deductible, and depreciation recapture applies on sale, increasing taxable gains.

I would tell them once they contact the credit agencies and correct all the information, they are welcome to apply. 

Sprucing up landscaping, applying new paint and coping with less neglected entryways go a long way.

That could be offset by having the deductions applied towards lower tax brackets. 

Even if I wanted another duplex, this still applies.

I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.

Germain Act and using a trust for subject-to approaches that may work for this kind of transfer, but I’m not sure it totally applies to my situation.The previous replies stated answers to your questions, but some of the answers may not have been clear. 1.

Here's what I did:Kitchens: Painted cabinets, updated hardware, added efficient appliances.Bathrooms: Installed modern fixtures, used neutral paint.Exterior: Applied fresh paint, improved siding, enhanced landscaping.Results: Property value rose by 100%What budget-friendly strategies have you used?