HI, I think first of all it is important to identify which investment strategy you are going to implement.

Quote from @John Carbone: Quote from @Garrett Kroll: Quote from @Frank Barletta: Is 3% really that tough to give up for providing most of your guests, extra insurance, customer success, payment processing, communication, etc etc etc?

You will want to implement a system like Laundroworks (there are others, but they are a good starting point).

If you don't mind providing some data for me to reference I'd appreciate it, but understand if you want to keep some or all personal--namely I'd be interested in approximate location, bd/ba count of your property and the rent % increase (or if you're comfortable sharing actual prices) implemented between your last tenant and current one. 

The overall goal is to do the traditional 'stack' over the next 5 years (duplex this year, double the number doors each year for 5 years, a la Multifamily Millionaire).Implementing the above strategy isn’t quite as simple as his understanding.

@Viral Mehta why haven't you already implemented these procedures to test them out while you are still local?

Given this is your first property, the overhead might not make sense, nonetheless this sounds more like a system implementation issue and less a challenging tenant. 

Very excited to start implementing this in my current portfolio!

I could see them implementing it for 2024 still with the ability to depreciate the remaining basis on a property that was 80% depreciated in 2023, but it's likely a bit much to have everyone go back and correct 2023 at this point.

Now it comes down to implementation and grit on your part.