By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

But once they give it to you, you inherit their cost basis and have a taxable gain.

Are you able to reduce your expenses quickly and easily if needed?

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

Found T&H realty services to be pretty interesting as they provide both buyer brokerage service (to help me find deals) as well as do property management i.e. they are not full turnkey provider necessarily, but reduces some of the hassle for me I guess as an out of state investor. 

Quote from @Mani Sundaresan: If I’m financing a rehab project with a hard money loan, do I still need to issue 1099-NEC forms to my contractors—given that the funds come from a loan, which isn’t taxable income?

I like this idea because it reduces the potential vacancy I could have by doing a short 3- to 4-month lease that ends in April or May, then starting over with a year lease.

This is often shown in the distributions box, and reduces your taxable basis in the deal.  

Meaning you get 4-5X the depreciation to defer your income from being taxable.

HI @Jimmy RojasYou have to show 2 years of taxable income to the IRS.