.🔥 Full replacement – If the system is ancient (or missing), just bite the bullet and install a new one.Pro Tip: A new HVAC can be pricey, but it’s a huge selling point.

I would suggest reaching out to the agent you had already worked with in the past as this is a common thing that happens in leases.

Have you looked into Mid term rentals?

A lot of people believe that buying a property in a Trust or transferring it into a Trust keeps a Due On Sale from being called.

Quote from @Teri-Ann Pi: I will never forgive you for this Michael,  I'm not looking for forgiveness.

If anyone has recommendations for what they've been using and like, we would appreciate it greatly as well as any tips you may have for us!

I’ve been on this platform since college, and whenever I have questions, I just post them here, and other investors are always willing to share their insights.

You will be able to use those disallowed passive losses: -Against other passive income -If this rental has net income in a later year these disallowed losses will offset that income-When you sell a rental those carried over disallowed losses offset the gains on sale Other situations you hear about where people CAN use the rental losses to reduce W2 income are where the rentals qualify to be Non-Passive This typically happens in the following two situations: Real Estate Professional Status- A taxpayer or their spouse spends at least 750 during the year on real estate- and more time on it than anything else.

Would love to connect and help you with finding some on/off market deals and introducing you to property managers.

This is what is used to pay debt service.