My HELOC on my personal residence is at 8.5%.

So, whatever the strategy, I would make a goal to get to at least 4-5 rentals within a reasonable amount of time ESPECIALLY if it would be a hardship to handle a bad tenant situation. 3.

The IRS generally allows deductions for second homes if you use the property for personal use for more than 14 days or 10% of the days it's rented, whichever is greater. 

You also might want to consider using the general asset account (GAA) as a strategy to possibly continue depreciating the property before demolishing and rebuilding.Obviously, once you convert the investment property into a personal residence, you lose out on any further deductions from a P&L standpoint.Feel free to DM me if you have any further questions.

It needed to be put outside and upgraded to handle the juice of all of the appliances.

One property is rented with a tenant in place, and the home in Riverside, CA is the home of the person who passed.

Hi,Checking if anyone has any recommendations on how to go about setting up llc and how it impacts personal loans for the same.

But it's hard because if you get to personal, stylish, "on trend" you can alienate a group of buyers.  

Deposits will not be returned (full or partial) until all tenants move out.In the event of abandonment, arrest or death, the following person has the authority to decide when to terminate tenancy and how to store/distribute my belongings:Name: ____________________________________________________Address: ____________________________________________________Phone #: ____________________________________________________

There can be gold in knowing their social handles, both for screening prior to approval and to attempt contact if they disappear.