Being clear about what’s covered in the lease and by local laws can avoid misunderstandings and set their realistic expectations.If you do plan to carry out the cosmetic upgrades (because the property is overdue and of course you want to ensure your tenants are enjoying their home to the best of your abilities), try to schedule the repairs at times that minimize disruption.

There is a way to leverage losses from a rental property that you are actively participating in managing + you need to meet a few more criteria too lengthy to break down here in the forum post - to be clear, this isn't what you described (e.g. 

I intend to change to hard flooring when I can arrange to be there for a lengthy time in the off season, because I live long distance.

They paid some very large overdue utility bills (the previous "property manager" pocketed the tenant's money and never paid them) *twice*, which was very costly, on top of all the work we had to do to the property that was neglected by the previous "manager," plus having not received rent for 5 months due to the previous "manager." 

The buyers need (not request) a full 5%-6% seller assist and become complete menaces and eat into your margins with lengthy repair addendums following inspections. 

The timeline on that appeared to be potentially lengthy and costly. 

Alright guys and gals - this one is juicy (and a bit lengthy), so buckle up,Today, we're diving into the world of short-term rental tax strategy, exploring both the opportunities for success and the pitfalls to avoid.

This property also has a lengthy set of covenants that go along with the purchase agreement.

The lengthy process required careful planning.

The lengthy process required careful planning.